Turkey Introduces Landmark Cryptocurrency Taxation Bill
Turkey's ruling AK Party has taken a decisive step toward regulating the cryptocurrency market with a sweeping new tax bill. Proposed by 48 lawmakers, the legislation aims to bring digital asset transactions under the country's tax framework for the first time. The move signals Ankara's intent to address regulatory gaps while boosting transparency and tax revenue from the burgeoning crypto sector.
The draft law, spearheaded by MPs Hüseyin Altınsoy and Ejder Açıkkapı, forms part of broader fiscal reforms that include provisions on private university advertising and sports betting. Despite its wide scope, the cryptocurrency taxation measures have drawn immediate attention for their comprehensive approach. The bill has already been referred to four parliamentary commissions, with floor debates expected soon.
