• 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

a year 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

Huajian Medical Pauses 3 Billion Yuan Ethereum Acquisition Amid Shareholder Approval Delay

chest

Huajian Medical has paused its planned acquisition of Ethereum valued at up to 3 billion yuan due to delays in obtaining shareholder approval.

user avatarSatoshi Nakamura

Binance Urges Traders to Monitor uniMMR Levels Amid Changes

chest

Binance urges traders to monitor their Unified Maintenance Margin Ratio (uniMMR) levels due to upcoming collateral ratio changes from October 28 to October 31, 2025, to avoid potential liquidations.

user avatarJesper Sørensen

Dogecoin Holds Above 0.018 Support as Traders Weigh Next Price Move

chest

Dogecoin continues to attract strong buyer interest while holding above the critical support level of 0.018, indicating cautious optimism among traders.

user avatarRajesh Kumar

Render (RENDER) Shows Early Signs of Recovery in AI Compute

chest

Render (RENDER) is experiencing a steady recovery, with potential for a breakout as demand for decentralized GPU rendering increases.

user avatarLucas Weissmann

Internet Computer (ICP) Experiences Strong Reversal Momentum

chest

Internet Computer (ICP) has shown a significant price surge, indicating a bullish trend reversal and potential for further gains.

user avatarFilippo Romano

Brett Token Embraces Chaos with Strong Community Support

chest

Brett is making waves in the crypto market with its bold attitude and engaged fanbase.

user avatarLi Weicheng

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.