The Financial Stability Board (FSB) has called on Turkey to enhance its regulation of crypto assets and stablecoins across four key areas. In its second peer review of the country, the FSB recommended establishing a dedicated stablecoin regime, strengthening financial stability monitoring, improving supervision and enforcement capabilities, and enhancing cross-border cooperation and information sharing.
The recommendations come as global regulators increasingly focus on closing gaps in digital asset oversight to mitigate systemic risks associated with the growing crypto market.
Financial Stability Board Urges Turkey to Strengthen Crypto and Stablecoin Regulation
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