Turkey Contemplates Imposition of Fresh Taxes on Profits from Cryptocurrency

The issue of cryptocurrency taxation remains a prominent subject across the globe. This is especially true in prominent economies such as the United States, where taxation measures suggest that cryptocurrencies have the potential to challenge traditional reserve currencies. Presently, Turkey has minimal tax regulations in place for gains made from cryptocurrencies. However, Rahim Ak from Habertürk reports that a proposal has been put forth to introduce two distinct taxes on profits obtained from cryptocurrencies.