As reported by Foresight News on 11 November 2026 at 18:17 (UTC+8), the Financial Stability Board (FSB) published a peer assessment of Turkey. The FSB considers that Turkish authorities have made substantial progress in recent years in strengthening regulation of the crypto-asset market and related activities. It also states that further measures are still needed to complete the regulatory framework and to improve consistency with the FSB’s global regulatory framework for crypto-asset activities.
According to the FSB, Turkey has brought most of the crypto-asset market within regulatory scope. Crypto-asset service providers (CASPs) face registration and licensing requirements. Structural measures—including strict custody segregation and a prohibition on using crypto assets for domestic payments—have limited some channels through which risk could pass into the payments and banking systems. Authorities have also set up a centralized data platform to monitor crypto-asset activity.
The FSB recommends that Turkey focus on four steps: putting a financial-stability monitoring framework into effect; establishing a dedicated regulatory regime for stablecoins; strengthening supervision and enforcement; and advancing effective cross-border cooperation and information sharing.
This account follows Foresight News’s summary of the peer assessment. It does not reproduce the underlying FSB report, and it does not treat a future stablecoin regime, an attestation, or market trading as equivalent to a full audit or as a guarantee of redemption.
Original article: Foresight News
