Crypto
Turkiye tops global stablecoin demand but lacks law; FSB urges new rules
Turkiye shows the highest level of stablecoin demand globally but still lacks a dedicated legal framework, Cryptopolitan reported on Nov. 11. The Financial Stability Board urged authorities to establish a stablecoin-specific regulatory regime, citing gaps in supervision despite broader crypto rules. Chainalysis data for 2024 showed stablecoin purchases equalled 4.3 percent of GDP. The FSB also highlighted limits in data collection and licensing delays, and pointed to security incidents at BtcTurk.
