Tax Statement for Cryptocurrencies from Minister Mehmet Şimşek!

The draft regarding the “Proposal Law on Amendments to the Capital Markets Law”, which includes Turkey’s cryptocurrency regulations, was announced by AK Party Group Chairman Abdullah Güler at the press conference he held in the Turkish Grand National Assembly in recent weeks.

This crypto bill was passed by the Commission in the Turkish Grand National Assembly last week. While it is expected that the bill will be discussed in the General Assembly of the Turkish Grand National Assembly in the coming days, new statements came from the Minister of Treasury and Finance Mehmet Şimşek.

According to the news of Türkiye Newspaper, Minister of Treasury and Finance Mehmet Şimşek made a presentation about the economy to the participants at the AKP’s consultation meeting in Kızılcahamam.

Minister Şimşek stated that at this meeting, they are carrying out new studies on the taxation of income obtained from crypto currencies and transactions made on crypto exchanges.

Minister Şimşek said the following in his speech:

“It is the same in the world; if an income is generated, there should be a tax on it.

“Cryptocurrencies, publicly traded assets, investment funds, etc. need to be disciplined.”

*This is not investment advice.

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