Bi-leg legal framework for the regulation of cryptocurrencies announced. It is reported that in the first stage, local stock markets will be made auditable and investors will be given government assurance. In the second stage, the financial ground will be prepared. AK Party sources, who made statements on the subject, denied the claims that “40 percent tax will be collected” and point to state assurance. Cryptocoin. com we are conveying the details…
40% tax claims against cryptocurrencies denied
The AK party is accelerating the preparations of the legal framework for cryptocurrencies. Party sources, stating that they are examining the regulations made by the USA, Japan and England in this area, confirmed that the legal framework will consist of two pillars. Accordingly, in the first place, it is informed that local exchanges will be auditable, secure and transparent and users will be protected by the state. In the second stage, the financial ground suitable for the nature of crypto money transactions will be prepared. Apart from these, claims that 40% tax will be charged were denied. According to AK party sources, there will be no special taxation for cryptocurrencies. However, cryptocurrencies may be subject to this framework, just as all other transactions are taxed.
Steps are taken to protect individual investors. As preparations continue to regulate cryptocurrency exchanges, protecting users will be “first priority,” according to AK party sources. There will be no ban on cryptocurrencies. Here, with the regulation prepared under the coordination of the Ministry of Treasury and Finance, it is aimed to prevent abuses in the system. In addition, the Financial Crimes Investigation Board is expected to be authorized for suspicious crypto transactions.