According to TechFlow, Turkey plans to introduce new taxes, including a 0.03% transaction tax on cryptocurrency transactions. This is to address the national budget deficit caused by last year's earthquake and propose changes to the way financial transactions are regulated. It is expected that this tax reform will bring Turkey 226 billion liras (about 7 billion US dollars) in revenue, equivalent to 0.7% of the country's GDP. This reform will be Turkey's largest tax reform in nearly two decades.