Turkey’s Crypto Tax Bill Faces Backlash, Amendments Expected
Turkish lawmakers are reconsidering proposed cryptocurrency tax legislation after significant pushback from the investment community. Ömer İleri, an MP from the ruling AK Party, confirmed revisions are underway following intense criticism of provisions targeting airdrops, staking, and trading income with rates as high as 40%.
Opposition figures like İYİ Party's Erhan Usta highlighted implementation hurdles, particularly concerning offshore exchange reporting after 2027. The debate underscores growing tensions between fiscal policy and Turkey's burgeoning crypto sector.