On 11 November 2026, Odaily reported that the Financial Stability Board (FSB) had published a peer assessment of Turkey. The report finds that Turkey has made substantial progress in recent years in the regulation, supervision and examination of the crypto-asset market.
According to the assessment, most related activity has been brought under regulation, and crypto-asset service providers (CASPs) are subject to registration and licensing requirements. The report also says Turkey has adopted measures to segregate assets held in custody, prohibited the domestic use of crypto assets for payments, and established a centralized data platform to monitor related activity.
The FSB considers that further work remains. It says Turkey still needs to implement a financial-stability monitoring framework, establish a dedicated regulatory regime for stablecoins, strengthen supervision and enforcement, and promote cross-border regulatory cooperation and information sharing. The assessment is a peer review with remaining recommendations; it is not itself a new Turkish statute, court ruling or effective ban.
Original report: Odaily, 11 November 2026, 18:26 (UTC+8).
