Update
FSB Urges Turkey to Tighten Stablecoin Oversight
The Financial Stability Board (FSB) has urged Turkey to tighten reserve checks and clarify redemption rights for foreign stablecoins on local exchanges. The FSB recommends targeted requirements for reserve composition and transparency, including attestations and audits, for foreign-currency tokens circulating through Turkish platforms. The recommendations are nonbinding and do not create new legal obligations or redemption rights.