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Morning Edition · Thursday, November 12, 2026Published at 12:46 AM EST · New York
Financial Stability Board Urges Turkey to Tighten Safeguards on Foreign Stablecoins Sold by Local Exchanges
The peer review found that Turkey has no dedicated stablecoin regime and that its monitoring covers only domestically licensed platforms, but its recommendations create no legal obligations.
The Financial Stability Board (FSB), the body that coordinates financial rules for the Group of 20 (G20) economies, published a peer review of Turkey on November 11. The review urges Turkish regulators to tighten safeguards on foreign-issue…
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Dollar Stablecoins Displace Weak Local Currencies
Dollar stablecoins keep drawing savings out of weak currencies through retail exchanges, extending the dollar's reach abroad and pushing host governments to choose between regulating foreign issuers and imposing controls.
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