• The Financial Stability Board said Turkey has brought a large part of its crypto-asset market under registration and licensing requirements for crypto-asset service providers.

• The FSB recommended Turkish authorities build a dedicated stablecoin regime, operationalize financial-stability monitoring, and strengthen supervision and enforcement.

• The review is Turkey’s second FSB country assessment overall and its first focused on crypto-asset and stablecoin oversight, following a 2015 review of its macroprudential and bank-resolution frameworks.

The Financial Stability Board said Wednesday that Turkey has made meaningful progress regulating its crypto-asset market. It recommended the country also build a dedicated stablecoin regime…