FSB recommends Turkey establish a dedicated stablecoin regulatory framework.

On November 11, according to an announcement by the Financial Stability Board (FSB), the organization released its second peer review of Turkey, recommending that the country further improve the regulation of crypto assets and stablecoins.

The FSB has recommended that Turkey implement a financial stability monitoring framework, establish a dedicated regime for stablecoins, strengthen supervision and enforcement, and promote cross-border cooperation and information sharing. The review also noted that Turkey has introduced registration and licensing requirements for crypto asset service providers and launched a centralized data platform to monitor related activities.