• 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

AI adoption risks highlighted in new educational report

chest

The report outlines several risks associated with AI adoption in education, including errors, bias, and overreliance on AI systems, while emphasizing the need for critical thinking and ethical judgment skills.

user avatarLuis Flores

Universities urged to adapt education for AI-driven workplaces

chest

A new study emphasizes the need for universities to rethink their teaching methods in light of AI's growing presence in various industries.

user avatarArif Mukhtar

Kenya's Capital Markets Authority Seeks Blockchain Surveillance System

chest

The Capital Markets Authority of Kenya is seeking a blockchain analytics platform to monitor the crypto market and enforce compliance with new regulations.

user avatarMaria Gutierrez

Market Factors Influencing PEPE's Price Rally

chest

PEPE's recent price upswing is attributed to a general memecoin rush and gains in Solana, alongside a slight market rebound.

user avatarDavid Robinson

PEPE Memecoin Experiences Significant Price Rebound

chest

PEPE has rallied by 12% in the last 24 hours and 158% in the last week, despite being down 73% over the last year.

user avatarAndrew Smith

MediaFuse Expands into Mainstream Tech with TechnologyWire

chest

MediaFuse has launched TechnologyWire, a news distribution network for the technology sector, optimizing press releases for AI chatbots and human readers.

user avatarJacob Williams

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.