Turkey’s ruling party has introduced legislation that would formally integrate cryptocurrency into the country’s tax and capital markets framework, marking a significant shift in digital asset oversight. The proposed bill imposes a 10 percent quarterly withholding tax on crypto gains and a 0.03 percent levy on transaction service providers, while granting the president authority to… Continue reading Turkey Moves to Formalise Crypto Taxation With Sweeping Regulatory Bill
Tag: Turkey
Turkey Expands Oversight Powers on Crypto and Bank Accounts to Tighten Financial Monitoring
Turkey is moving to broaden the authority of its financial watchdogs, intensifying oversight over cryptocurrency transactions and domestic bank accounts. The new measures, aimed at combating money laundering, tax evasion, and illicit capital flows, reflect the government’s ongoing efforts to reinforce fiscal discipline and safeguard its financial system. By extending supervisory powers, authorities seek to… Continue reading Turkey Expands Oversight Powers on Crypto and Bank Accounts to Tighten Financial Monitoring