Sources of the Government Party are planning to raise 40% taxes on crypto yields in Turkey-regulation
Sources of the Government Party are planning to raise 40% taxes on crypto yields in Turkey-regulation
The government in Turkey does not intend, as claimed to raise a 40 percent levy to crypto-related profits, members of the AKP government party said. They have also emphasized that the current regulatory efforts aim to create a sustainable environment for the blockchain industry.
Türkiye creates regulatory base for the cryptocurrency market
A legislative proposal that is tailored to the regulation of the cryptocurrency trade in Turkey is likely to be submitted in the next few weeks. Sources of the party for justice and development (AKP), the ruling political power of the country, have allegations that the authorities in Ankara are taxed cryptocurrency profits with a sentence of 40%, "emphasized", the Türkische Zeitung Hürriyet reported
One of the AKP representatives, the deputy group leader of the party, Mustafa Elitaş, commented on social media last month that the new law would serve to regulate Turkey's cryptosystem and at the same time "prevent malicious actions, protect investors and to counteractance," as he said. He noted that drafts of other institutions in the media were also mentioned, but emphasized that the legislature had the last word. On December 29, Elitaş organized a meeting with 13 representatives of the cryptocurrency platforms working in Turkey in the parliament in Ankara. Officials from the Ministry of Finance, the regulatory and supervisory authority for banks (BDDK), the Investigation Commission for Financial Crime (Masak) and the Central Bank of Türkiye also took part in it. The participants expressed their support for the acceptance of a legal framework that would enable further changes to reflect changes in space. According to another large Turkish daily newspaper, Milliyet, high -ranking members of the AKP have checked the current regulations in Great Britain, the USA and Japan this week. The achievement of transparency, security and verifiability of crypto exchange platforms will be the first priority of Turkey's own regulations, Hürriyet announced and cited party officials who had decided to remain anonymous. The next important goal was to create a suitable financial environment for a growing blockchain sector.
More than 30 crypto trading platforms are currently in operation in Turkey, according to publication, and the country's market for crypto-assets is one of the five best in the world with almost 5 million user accounts. The daily trading volume on the largest stock exchange Binance is around $ 320 million. Last month, masak punished Binance, BN Teknoloji, 8 million Lira (then over $ 750,000) for violations that were found during liability tests. in May 2021, Masak published a number of guidelines for crypto service providers who oblige the exchange of digital fortune To check the identity of your customers and report suspicious transactions, including the trade with a high volume. The agency can against platforms that do not impose their duties, fines and even pursue their owners. The rules were adopted after two Turkish crypto exchanges. and vebitcoin Investors to investigate and became the goal of investigations to combat fraud. Another platform in October, Coinzo . The popularity of the crypto trade and investments in Turkey has increased significantly in the course of the increase inflation the lira, but crypto payments were by the Turkish central bank. What regulations do you expect from Turkey? Share your thoughts on this topic in the comments below. Bedy verification : Shutterstock, Pixabay, Wiki Commons AKP examines British and American crypto regulations
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