FSB Urges Turkey to Tighten Crypto Regulations

The Financial Stability Board has requested that Turkey intensify its oversight of the crypto asset market. The global body highlighted the need to implement specific guidelines for the stablecoin sector.

Turkey recently made progress by establishing registration and licensing requirements for crypto service providers. The country's Capital Markets Board introduced operational standards and minimum capital requirements in March 2025.

The report notes that the country already has important safeguards in place. These include the segregation of assets under custody and a ban on domestic payments using cryptocurrencies.

Despite these advances, the board identified gaps regarding the lack of a dedicated regulatory framework for stablecoins. The Turkish Ministry of Treasury and Finance plans to introduce additional checks and transfer limits to combat money laundering.

Turkish authorities also created a centralized platform to monitor industry activities. The goal is to limit the spread of financial risks to traditional banks and payment systems.

Increased global regulatory pressure on emerging markets may raise compliance costs for platforms and reduce digital asset liquidity in jurisdictions with stricter rules.