Turkey’s ruling Justice and Development Party (AK Party) has formally introduced a legislative proposal to the national assembly that seeks to establish a comprehensive regulatory framework for the country’s cryptocurrency market. A central feature of the draft law is a proposed 10% income tax on profits generated from cryptocurrency transactions. This move is part of the government’s strategy to bolster treasury revenue and bring the rapidly growing digital asset sector under formal oversight. In addition to the tax measures, the bill mandates that all crypto-asset service providers obtain licenses from the Capital Markets Board (SPK) and comply with strict auditing standards. Analysts suggest that the legislation is also a critical step toward meeting international standards and helping Turkey exit the Financial Action Task Force (FATF) ‘grey list’ by improving its anti-money laundering and counter-terrorism financing protocols.
Source: Turkey’s ruling party proposes 10% crypto income tax
コメント