On 11 November 2026, the Financial Stability Board (FSB) published a peer assessment of Turkey, BlockBeats reported. The review finds substantial progress in recent years in strengthening regulation, supervision and review of the crypto-asset market. It also says the framework still needs further work to align with the FSB’s Global Regulatory Framework for Crypto-Asset Activities.
According to the assessment, Turkey has brought most activity in the crypto-asset market inside the regulatory perimeter and has introduced registration and licensing requirements for crypto-asset service providers (CASPs). Authorities have applied strict segregation of assets held in custody and prohibited the use of crypto assets for payments inside the country, in order to limit the spread of related risks into the payments and banking systems. They have also set up a centralized data platform to monitor crypto-asset activity.
The FSB says further steps are still required. Those steps are implementing a financial-stability monitoring framework, establishing a dedicated regulatory regime for stablecoins, strengthening supervision and enforcement, and advancing cross-border regulatory cooperation and information sharing. The report notes that Turkey had already put a crypto-asset regulatory framework in place, while the stablecoin regime remains to be completed. The peer review is intended to encourage fuller implementation of the recommendations in the FSB global framework. It is an assessment and a set of recommended next steps, not a new Turkish statute or an FSB approval or ban.
Original report: BlockBeats, 11 November 2026, 18:25 UTC+8.
