# Global watchdog urges Turkey to strengthen crypto rules

- URL: https://talkfuse.com/story/global-watchdog-urges-turkey-to-strengthen-crypto-rules/
- Published: 2026-11-11T13:49:13+00:00
- Updated: 2026-11-11T22:04:16+00:00
- Original publisher: CNA (publisher lean: Centre)
- Original article: https://www.channelnewsasia.com/business/global-watchdog-urges-turkey-strengthen-crypto-rules-6543241
- Topics: Business, Crypto, World

## Key points

- Turkey has brought much of its crypto market under oversight.
- Nearly $200 billion in crypto transactions took place last year.
- The FSB says stablecoin rules and stronger risk monitoring are needed.

## Summary

The Financial Stability Board (FSB) says Turkey should strengthen its rules for crypto assets and stablecoins to limit risks to financial stability. It recognised that Turkey has brought much of the crypto market under regulatory oversight, but said further steps are needed as crypto use grows among retail investors.

The review put crypto transactions in Turkey at nearly $200 billion last year and noted that people increasingly use cryptocurrencies and stablecoins amid high inflation and a sharply depreciating lira. The FSB said Turkey lacks a framework for stablecoin issuers, raising concerns about links to foreign currencies and “digital dollarisation”; it also called for better risk monitoring, market data collection and cooperation with overseas regulators.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.