Good News for Cryptocurrency Investors in Turkey

Turkish cryptocurrency investors can breathe a sigh of relief, as Treasury and Finance Minister Mehmet Şimşek has confirmed that no new taxes on stocks or cryptocurrencies are currently planned.

In an interview with the Economy newspaper, Şimşek reassured investors by stating that the government does not intend to introduce any changes to general tax rates, offering stability to those involved in these markets.

“We will not propose a tax package to either increase or decrease overall tax rates in the upcoming legislative period,” Şimşek clarified, addressing speculation about potential tax adjustments.

While there are no immediate plans for new taxes, Şimşek mentioned that the government will instead focus on reviewing existing tax exemptions and reductions to evaluate their efficiency and role in broader fiscal policy. This approach suggests a steady tax environment for cryptocurrency investors in Turkey, at least for the foreseeable future.