Turkey Proposes 10% Tax on Crypto Income: New Regulation for Bitcoin & Digital Assets

Turkey's ruling Justice and Development Party (AK Party) has formally introduced a legislative proposal to impose a 10% income tax on profits from cryptocurrency transactions. This move aims to integrate the rapidly growing crypto sector into the formal economy and establish a regulatory framework. The proposed tax would apply to capital gains realized from the sale of digital assets like Bitcoin (BTC) and Ethereum (ETH). Experts suggest this step could bring legitimacy and long-term stability to Turkey's crypto market, potentially attracting more institutional investors. The proposal is now set for review and debate in the Turkish parliament.