SHOCKING CLAIM FOR CRYPTO CURRENCY INVESTORS IN TURKEY!!!!
Work continues to regulate cryptocurrencies. The regulation is aimed to be brought to the Parliament in the first months of 2024. It is stated that a certain amount of income may be taxed.
Türkiye is on the gray list of the Financial Action Task Force. To be removed from this list, cryptocurrency regulation is required.
In his previous statement, Minister of Treasury and Finance Mehmet Şimşek said that all criteria will be met with the cryptocurrency regulation.
The regulation is expected to come to the Parliament in the first few months of the new year.
Speaking to NTV, Marmara University Faculty Member Murat Topuz said, "We can say that we are now faced with a much more comprehensive regulation, especially with an amendment to the CMB law regarding cryptocurrencies." said.
MONEY LAUNDERING WILL BE PREVENTED
The law will first define crypto assets. Crypto assets will be prevented from being used for money laundering purposes.
Imposing a transaction tax on earnings exceeding a certain limit is also on the agenda. "In a bill, it was said that this was 10 percent, but we do not know the final version." Topuz noted that there will be regulations for banks and heavy penalties are foreseen for unauthorized crypto asset users.
WHAT IS THE SITUATION IN THE WORLD?
The European Parliament had approved the decision to levy taxes the previous year.
In Germany, earnings tax is applied for values over 600 euros.
Sweden cuts up to 30 percent under crypto tax.
