Turkey Removes Crypto Tax Provisions from Legislative Proposal

Turkey's parliament has removed provisions related to cryptocurrency taxation from a comprehensive legislative proposal. According to ChainCatcher, the initial proposal aimed to impose a 0.3% transaction tax on crypto trades conducted through service providers and to implement withholding taxes on crypto earnings. The decision to remove these provisions came after strong opposition from various parties. Officials have indicated that the crypto tax measures might be reintroduced as separate legislation in the future.