The Financial Stability Board (FSB) has urged Turkey to strengthen its oversight of crypto markets and establish dedicated rules for stablecoins. In a peer review published on November 11, 2026, the FSB noted Turkey's progress in implementing registration and licensing requirements for crypto service providers. However, it emphasized the need for a formal framework to monitor crypto-related risks to financial stability, improved supervision, and better cooperation with foreign regulators. Turkey's Capital Markets Board introduced licensing requirements for crypto exchanges in March 2025, but the FSB highlighted the absence of a dedicated stablecoin framework.