The Financial Stability Board urges Turkey to strengthen the regulation of crypto assets and stablecoins

According to The Block, the Financial Stability Board (FSB) urged Turkey to strengthen regulation of crypto assets and stablecoins in four areas.

In its second peer review of the country, the FSB called for the establishment of a dedicated stablecoin framework, enhanced financial stability monitoring, strengthened regulation and enforcement, and improved cross-border cooperation and information sharing.