Turkey’s ruling party proposes 10% crypto income tax

Turkey's ruling party has proposed a 10% income tax on cryptocurrency earnings as part of its broader economic reforms. This move aims to regulate the growing crypto market and generate additional revenue for the government. The proposal is expected to be discussed in the upcoming parliamentary session. If approved, it would mark a significant step in Turkey's approach to cryptocurrency regulation, which has been largely unregulated until now. The initiative reflects the government's efforts to adapt to the increasing popularity of digital assets among Turkish citizens.

Read the full article: Coin Telegraph