Turkey Plans New Crypto Asset Regulations: Tax Framework and Technology Vision in Parallel

Dr. Ömer İleri, Vice President of the Justice and Development Party and Minister of Information and Communication Technologies of Turkey, recently spoke about the progress of the country's crypto asset regulation, emphasizing that building a legitimate and compliant framework is an inevitable trend in the development of emerging digital asset fields. He stated that both the political party and the government are closely monitoring social concerns and feedback on crypto technology to ensure that policy-making is both forward-looking and respectful of public opinion.

İleri pointed out that Turkey is continuing to advance its goal of becoming a leading country in emerging technologies, and this direction will closely revolve around President Recep Tayyip Erdoğan's vision of the "Turkish Century." Under the guidance of this strategy, the country's support for innovative technologies such as blockchain and crypto assets will continue to deepen.

Previously, İleri revealed that Turkey plans to levy a transaction tax of 0.03% on each crypto asset transaction under the regulatory platform of the Capital Markets Board (SPK). This tax will be the final tax burden, with no other taxes superimposed, and crypto asset transactions will be explicitly exempt from value-added tax (VAT) to promote the industry's transparency and standardized development. This move is seen as a key step taken by Turkey in the field of digital finance, aimed at balancing innovation incentives and financial stability, and establishing clear legal boundaries for the crypto market.