Government intends to incorporate cryptocurrencies into tax framework

Minister of Treasury and Finance, Mehmet Şimşek, made a groundbreaking announcement today, revealing the government’s intention to incorporate cryptocurrencies into the tax system in the coming days. Although the existing legislative package fails to acknowledge the existence of cryptocurrencies, the upcoming package will make specific provisions to regulate this burgeoning market. This bold move reflects a notable change in the government’s perspective, as it seeks to impose stricter rules and supervision on the rapidly expanding realm of cryptocurrencies.