Draft bill in Turkey Seeks 10% Crypto Tax and Tighter Oversight of Exchanges

TLDR Turkey proposed a new bill that introduces a 10% tax on cryptocurrency income and gains. Lawmakers stated that platforms must withhold the tax on a quarterly basis for all users. The bill allows the president to adjust the withholding rate between 0% and 20%. Service providers would pay a 0.03% transaction tax on every [...]

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