New Economy Package Echoed in Crypto Industry!
The new economy package echoed in the crypto industry. In the new economy package published in the Official Gazette yesterday, it signaled that cryptocurrencies may be taxed.
Crypto currencies are widely used all over the world, Turkey is continuing to increase its popularity.
Cryptocurrencies are traded in a wide range from daily money transfers to trading, from being an investment tool to being a custody tool.
During the coronavirus epidemic, gold, which is seen as a safe haven, as well as cryptocurrencies, which are on the rise, raised some questions about how countries should follow. Even though several countries took important steps on this issue there was not a clear
step from Turkey. However, a detail in the new economy program published in the
Official Gazette yesterday attracted considerable attention.
The 3-year economy package, approved by the presidential decree, caused controversy in the crypto industry. The Medium Term Program was published in the Official Gazette yesterday. Statements in the program pointed out that digital assets can be taxed.
In the statements in the Medium Term Program announced yesterday, it was stated that the studies for the taxation of transactions made with virtual assets representing a digital value that can be sold and transferred digitally will continue.