FSB Urges Turkey to Strengthen Crypto and Stablecoin Oversight

The FSB's second peer review carries weight because it moves beyond general crypto warnings to a concrete, four-part to-do list, with stablecoins singled out for a dedicated regime rather than folded into existing rules. Turkey sits at an unusual intersection: heavy retail crypto adoption alongside currency pressures that make dollar-pegged tokens especially sensitive, so tighter supervision and cross-border information sharing touch both local market structure and how foreign regulators view Turkish venues. The open question is whether Ankara converts the review into binding rules, particularly on stablecoin issuance and enforcement capacity, since the FSB's language signals that monitoring and cooperation gaps remain the weak links.