The Financial Stability Board has recommended that Türkiye establish a dedicated regime for stablecoins, identifying it as one of the remaining steps in a country peer review published on November 11.
The FSB announcement says Turkish authorities have introduced registration and licensing requirements for crypto-asset service providers, or CASPs, and put a centralized platform for monitoring crypto activity into operation. It acknowledges that progress while calling for further alignment with the board's global framework.
The stablecoin recommendation concerns a different part of the regulatory structure from provider licensing. A CASP is the business offering crypto services; a stablecoin arrangement is a separate subject in the FSB framework. In this release, existing oversight of providers and the request to establish a stablecoin regime appear as distinct parts of the review. Platform registration should therefore not be read as evidence that every stablecoin-specific policy question has been settled.
The FSB also identifies three other priorities: putting a financial-stability monitoring framework into operation, reinforcing supervision and enforcement, and improving cooperation and the exchange of information across borders. These are recommendations directed at the authorities. The release does not announce an effective date for a new stablecoin regime or set out a new list of foreign stablecoins that customers may use.
Türkiye's review follows the FSB's 2025 thematic assessment of implementation across jurisdictions. The wider framework, finalized in 2023, contains separate recommendations for crypto-asset activities and markets and for global stablecoin arrangements.
The new development is the country-specific review and its recommendations. A subsequent Turkish measure implementing a stablecoin regime would need to be assessed through its own published text, scope and dates.