• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Turkey Will Not Introduce New Taxes on Stock and Cryptocurrency Trading

user avatar

by Giorgi Kostiuk

2 years ago

  1. Government Decision
  2. Turkey's Fight Against Inflation
  3. Cryptocurrency Market Situation in Turkey


    4. The Turkish government has decided not to introduce new taxes on profits from stock and cryptocurrency trading this year after facing criticism from investors.

    Government Decision

    Turkey's Vice President Cevdet Yilmaz said that the issue of stock taxes was removed from the agenda after being previously discussed. Treasury and Finance Minister Mehmet Simsek also hinted in June at a possible delay of the tax plans.

    Turkey's Fight Against Inflation

    Turkey is developing an economic strategy to stabilize inflation, which stands at 52%, aiming to reduce it to single digits within three years. Officials are also considering easing offshore swap regulations to prevent bets against the lira.

    Cryptocurrency Market Situation in Turkey

    Between July 2023 and June 2024, Turkey processed about $136.8 billion in cryptocurrency transactions, making it the largest market in the Middle East and North Africa region and the seventh-largest in the world. Nearly half of the population is involved in cryptocurrency activities, mainly in retail investments.

    The decision not to introduce new taxes and continue regulating the cryptocurrency sector is aimed at stabilizing the economy and attracting investors, which is particularly important given the current inflation.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

SparkKitty Malware Campaign Exposed by Check Point

chest

A report from Check Point reveals the SparkKitty malware campaign targeting cryptocurrency users by scanning photos on infected devices for sensitive information.

user avatarRajesh Kumar

Shiba Inu Token Experiences Remarkable 22% Surge

chest

Shiba Inu has experienced a significant price increase of nearly 22% in just one week, marking a notable change after a long period of stagnation.

user avatarFilippo Romano

Congress Proposes AI Kill Switch Legislation

chest

Congress members propose the AI Kill Switch Act to give the federal government authority to shut down AI models.

user avatarEmily Carter

Frax Governance Discusses Proposal for Early Redemptions from Locked Ethereum Pools

chest

Frax governance is discussing a proposal for early redemptions from locked Ethereum pools with a 4% penalty fee directed to the Frax treasury.

user avatarTomas Novak

Frax Governance Proposes Morpho Lending Market for bdUSD and frxUSD

chest

Frax governance is discussing a proposal to create a Morpho lending market for bdUSD and frxUSD to enhance stablecoin liquidity and borrowing demand.

user avatarKaterina Papadopoulou

EigenLayers Forum Engages in ELIP018 Proposal Discussion

chest

The EigenLayers forum is currently engaged in a debate over the draft proposal ELIP018, which introduces a framework known as RETIRE, aimed at providing a terminal exit route for restakers.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.