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Turkey Withdraws Crypto Tax Provisions Amid Opposition Backlash

Turkey Withdraws Crypto Tax Provisions Amid Opposition Backlash

Author:

Global Cryptocurrency

Published:

2026-03-28 20:28:01

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BTCCSquare news:

Turkish lawmakers have scrapped proposed cryptocurrency tax measures following significant pushback from opposition parties and industry stakeholders. The provisions, which would have imposed a 0.3% transaction levy and 10% capital gains tax on digital asset trades, were removed from an omnibus economic bill during last-minute negotiations.

The ruling AK Party had inserted the controversial clauses into broader legislation covering fiscal policy and defense spending. Their deletion marks a temporary victory for Turkey's crypto community, though party representatives hinted at possible future reintroduction of similar measures.

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