Turkey faces FSB call to tighten crypto oversight and set stablecoin rules

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Turkey faces FSB crypto call

Highlights

Financial Stability Board peer review urges Turkey to implement a formal crypto oversight framework and introduce stablecoin-specific regulation as of June 2025.
Turkey's Capital Markets Board implemented licensing, minimum capital rules, and custodial requirements for crypto exchanges and custodians in March 2025, plus a domestic crypto payments ban.
The review highlights incoming compliance pressures for crypto platforms and signals stablecoin oversight as a regulatory priority, aligning Turkey with international standards.

FSB review highlights regulatory gaps

According to Cointelegraph, the recommendations come from a peer review published Wednesday by the Financial Stability Board, which assessed Turkey’s implementation of the board’s 2023 global recommendations on crypto assets and stablecoins.

The watchdog says Turkish authorities should begin monitoring crypto-related financial stability risks under a formal framework, strengthen supervision and enforcement, and improve cooperation and information sharing with foreign regulators. The review forms part of the FSB’s regular country assessment program and follows a broader 2025 review that identified gaps across jurisdictions in applying the global standards.

The FSB says Turkey has finalized rules for crypto assets, but still does not have a dedicated framework for stablecoins. That leaves a key area of the market outside a tailored regulatory regime even as authorities move to tighten broader oversight of digital asset activity.

Turkey’s existing measures and market implications

Turkey’s Capital Markets Board introduced licensing and operational requirements for crypto exchanges and custodians in March 2025, including minimum capital thresholds. The FSB says authorities have also put in place safeguards such as custody asset segregation requirements and a ban on domestic crypto payments, measures aimed at limiting spillover risks to banks and payment systems.

Authorities have also launched a centralized platform to monitor crypto activities. In June 2025, Turkey’s Finance Ministry outlined additional plans for transaction checks and limits on stablecoin transfers as part of efforts to combat money laundering.

For the crypto sector, the review signals that Turkey is moving closer to a more comprehensive rulebook, with stablecoins now a clear priority for regulators. Stronger oversight could raise compliance demands for platforms and custodians, while bringing Turkey more closely into line with international financial stability expectations.

This adds to earlier discussion around the Menarabena platform, launched by Menara Asia to link builders and suppliers with certification information in Malaysia.

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