
FSB stated that Türkiye has made progress in crypto asset regulations, but new frameworks are needed for stable coins.
AI-generated summary
In Türkiye, the supervision of crypto asset service providers and the use of stable coins are on the agenda of financial authorities with the increasing transaction volume.
The International Financial Stability Board (FSB) published a new evaluation report on Turkey's cryptocurrency regulations today.
The report stated that Turkey has made significant progress in regulating and supervising crypto asset service providers, and emphasized that existing rules should be more compatible with international standards.
The FSB recommended creating a separate regulatory framework specifically for stable coins, strengthening supervision and enforcement mechanisms, and increasing information sharing with regulatory bodies abroad.
One of the issues highlighted in the report was that there is not yet a comprehensive regulatory framework for stable coin issuers in Turkey.
FSB particularly drew attention to the use of stable coins indexed to fiat currencies such as the dollar in Turkey.
According to the Board's assessment, the depreciation of the Turkish lira and high inflation increased the use of cryptocurrencies and stable coins by investors as an alternative store of value.
The FSB recommended establishing rules for stable coin issuers and monitoring financial stability risks that may arise from these assets more effectively.
According to the data included in the report, the cryptocurrency transaction volume in Turkey reached approximately 200 billion dollars in 2025.
The use of stable coins indexed to the dollar also has an important place in the market, which attracts great interest especially from individual investors.
While the FSB stated that the connections of cryptocurrency activities with the traditional financial system should be closely monitored, it requested that more comprehensive data collection and risk assessment mechanisms be established for this purpose.
FSB cited the introduction of registration and licensing requirements for crypto asset service providers in Turkey among the positive developments.
Rules to keep customer assets separate from company assets and the ban on the use of cryptocurrencies in domestic payments were also considered as measures that limit some risks in the financial system.
The Board also pointed out that a central data platform has been created to monitor cryptocurrency activities in Turkey.
However, it was stated that additional steps are needed regarding the implementation of existing regulations, the effectiveness of inspections and international cooperation.

CoinShares' October research shows that crypto portfolio share increased from 1.2 percent to 1.3 percent, according to data from 28 professional investors, with the shift from Cardano to HYPE, SUI and UNI, and portfolio diversification declining speculation.

CryptoQuant's Analyst Consensus Index shows that optimism towards the Bitcoin market is waning. While the index fell to -1.8, analysts attribute this change to ETF outflows, inflation concerns and sales in technology stocks.

MicroStrategy, which holds more than 850 thousand Bitcoins, attracts attention before the list is announced, where MSCI's decision to exclude companies that create value through investment assets from the index will be implemented. The announcement will be made at 01:00 am ET.

Deutsche Bank, one of Germany's largest financial institutions, has officially launched crypto custody services covering Bitcoin, Ether and some stablecoins for institutional investors.

Robbie Mitchnick, head of BlackRock's digital assets unit, announced that large Bitcoin investors are converting their BTC into IBIT shares and demand has reached a record level.

The US Department of Justice and Tax Administration launched a new investigation into Binance. The investigations are based on allegations that internal exchange researchers were prevented from examining accounts linked to Iran.