Turkish crypto investors are a significant force in the global cryptocurrency market, with a notable presence in TRY pairs. The high daily volume of over 20 billion TL on local exchanges has caught the attention of the Ministry of Treasury and Finance, leading to impending tax regulations. The government aims to generate 226 billion TL in revenue, including crypto assets.

The tax regulation, expected to be introduced to Parliament soon, will target cryptocurrency transactions and profits. According to insider sources, the regulation will impose a 0.03% transaction tax on buying and selling operations and income tax on profits earned. This move is expected to generate an annual revenue of 3.7 billion TL. While the finance minister had previously stated that there would be no income tax, the draft regulation confirms otherwise.

The comprehensive tax package also includes other details, such as increasing the overseas exit fee to 1500 TL and implementing minimum income taxes. The final version of the draft is expected to be announced after the holiday break. In conclusion, Turkey's crypto investors play a significant global role, and the upcoming tax regulations will have a notable impact on the market. The government's move aims to generate substantial revenue from cryptocurrency transactions and profits.