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Nov 11, 2026

FSB urges Turkey to strengthen crypto and stablecoin regulation

The Financial Stability Board published a peer review urging Turkey to draft dedicated rules for stablecoins and tighten oversight of crypto markets, citing financial stability risks from the country's heavy reliance on stablecoins.

Nov 11, 2026·3 sources

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Top claims

▪Turkey's regulatory push follows a $20 billion investment fund scandal that left millions of Turkish investors out of pocket
▪Turkish traders route leverage and derivatives trading to offshore platforms because Turkish regulators only approve domestically registered platforms to offer spot trading
▪Turkish citizens increasingly adopt Tether's USDT and other dollar-pegged stablecoins to shield their savings from high inflation and sustained lira depreciation

Topics

Crypto exchanges Stablecoins Crypto regulation Stablecoin regulation

Related entities

USDT Turkey Biliran