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In response to the continued depreciation of the Turkish lira, the government is promoting tax reforms to promote the popularity of cryptocurrencies
Turkey is currently facing the continued depreciation of its national currency, the lira, a problem further exacerbated by recent natural disasters such as earthquakes.
Amid economic woes and signs that currencies are showing no signs of appreciation any time soon, investors are turning to cryptocurrencies as potential safe-haven assets.
While the issue of stock taxation remains unresolved, Turkish President Erdogan and his officials have shown a keen interest in taxing cryptocurrency transactions.
Türkiye’s Crypto Tax Details Revealed
In an effort to revive the economy and boost state revenue, Turkish lawmakers have proposed the biggest tax overhaul in more than two decades.
Amid economic woes and signs that currencies are showing no signs of appreciation any time soon, investors are turning to cryptocurrencies as potential safe-haven assets.
While the issue of stock taxation remains unresolved, Turkish President Erdogan and his officials have shown a keen interest in taxing cryptocurrency transactions.
Türkiye’s Crypto Tax Details Revealed
In an effort to revive the economy and boost state revenue, Turkish lawmakers have proposed the biggest tax overhaul in more than two decades.
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