Turkish investors are closely monitoring the topic of cryptocurrency taxation, but Treasury and Finance Minister Mehmet Şimşek has made it clear that taxes on stocks and cryptocurrencies are not currently under consideration.
In an interview with the Economy newspaper, Şimşek emphasized that plans to adjust overall tax rates are not part of their agenda, indicating a stable outlook for investors in these markets.
Addressing the expectations surrounding potential tax packages, he stated, “We will not introduce a tax package for increasing or decreasing general tax rates in the upcoming legislative period.”
He further noted that the government will focus on reviewing tax exemptions and reductions, assessing them for their efficiency and effectiveness as part of broader fiscal policy considerations.
This announcement reassures investors that there will be no immediate changes to the tax landscape affecting cryptocurrencies and stock markets.
Norway’s central bank, Norges Bank, has backed the EU’s Markets in Crypto-Assets Regulation (MiCA) as it considers a central bank digital currency (CBDC).
In July 2024, Turkey implemented the “Law on Amendments to the Capital Markets Law,” commonly referred to as the “cryptocurrency law,” marking a significant step in the country’s efforts to regulate the digital asset sector.
During Kenya’s Taxpayers’ Day on November 1, the government announced it had collected $77.5 million in cryptocurrency taxes over the past year.
Mike Novogratz, the CEO of Galaxy Digital, has publicly endorsed Hester Peirce as an ideal candidate for the next U.S. SEC Chair, highlighting her ongoing advocacy for clearer, more crypto-friendly regulations.