According to Reuters, the Financial Stability Board (FSB) released a regulatory assessment report on crypto assets in Turkey on November 11, stating that while the country has brought most of the crypto market under regulation, it still needs to improve its regulatory framework for crypto assets and stablecoins to prevent financial stability risks. The report shows that Turkey's crypto asset trading volume approached $200 billion last year, with the market primarily driven by retail investors. Affected by the continued depreciation of the lira and high inflation, cryptocurrencies and stablecoins have become tools for local residents to hedge against currency devaluation. The FSB specifically pointed out that Turkey has not yet established a regulatory system for stablecoin issuers, which may exacerbate the digital dollarization and foreign exchange-related risks. Although Turkey has banned the use of crypto assets for domestic payments, the FSB still recommends that it establish a formal financial stability risk monitoring mechanism, strengthen market data collection and integration, and deepen cross-border regulatory cooperation. https://wublock123.com/news/fsc-urges-turkey-tighten-crypto-regulation-warns-stablecoinsdollarization-risk-71780