FSB recommends that Türkiye establish dedicated regulatory rules for stablecoins

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FSB recommends that Türkiye establish dedicated regulatory rules for stablecoins, covering reserve, redemption, and issuer management requirements. The FSB review noted that the country’s monitoring system only covers locally licensed platforms and cannot track funds on overseas trading platforms or in self-custody wallets. Chainalysis data shows that the amount of stablecoins purchased by Turkish residents is equivalent to 4.3% of the country’s GDP, a figure reported by Cryptopolitan in 2024.