FSB Recommends Turkey Establish a Dedicated Regulatory Framework for Stablecoins

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

The FSB recommends that Turkey implement a financial stability monitoring framework, establish a dedicated stablecoin regime, 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.

Source: TechFlow