Türkiye has made significant strides in regulating its crypto-asset markets, according to a recent peer review by the Financial Stability Board (FSB). The review, published on November 11, 2026, highlights that Turkish authorities have established a regulatory framework for crypto assets, though not yet for stablecoins. Since the FSB’s 2025 thematic peer review, Türkiye has expanded its regulatory perimeter to cover a large portion of the crypto-asset market, introducing registration and licensing requirements for crypto-asset service providers (CASPs).
The country has also implemented structural safeguards, such as strict custody separation and a prohibition on using crypto-assets for domestic payments, to mitigate financial stability risks. A centralised data platform has been operationalised to monitor crypto-asset activities, providing authorities with better insights into the business models of CASPs and potential financial stability risks.
The FSB recommends further steps to strengthen Türkiye’s regulatory framework. These include operationalising a framework for financial stability monitoring, establishing a dedicated regime for stablecoins, enhancing supervision and enforcement, and fostering effective cross-border cooperation and information sharing.