🎉 Breaking News from Turkey! 🎉

Turkey just announced they won't be taxing stock market and crypto investments in 2024! Vice President Cevdet Yilmaz confirmed this after public backlash made them rethink their plans.

1️⃣ No new stock tax on the agenda! Treasury and Finance Minister Mehmet Simsek hinted this might happen, and now it's official. Investors, breathe easy!

2️⃣ Trading activity had dipped, but this move should boost confidence. With inflation at 52%, many are using stocks and crypto as a hedge.

3️⃣ Turkey remains a crypto hotspot, processing $136.8B in transactions between July 2023 and June 2024. Stablecoins are especially popular.

4️⃣ Regulatory updates are coming, integrating crypto more into the financial system. Traditional banks like Garanti BBVA are even offering crypto services.

What do you think? Will this boost the market? Comment below! 🚀