đđWhat does the crypto law include? Will crypto investors be taxed? đđ
The Turkish Grand National Assembly adopted the law covering the identification and licensing of crypto assets, placing Turkey in a leading position in crypto regulation. While the law decided not to collect direct taxes from investors, it was envisaged that 2% of the annual income from the platforms would be transferred to CMB and TĂBÄ°TAK.
The law requires crypto platforms to provide services in Turkey to obtain permission from the CMB. Existing platforms will apply for permission within one month, otherwise they will terminate their operations within three months. Those who operate without permission will face a prison sentence of three to five years.
Within the scope of economic and legal guarantees, customers' assets cannot be seized due to the debts of crypto asset service providers. Additionally, the listing of crypto platforms will be regulated by the CMB and audited by independent auditing organizations.
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