Global crypto currency their regulations mature and FATF He plays an important task here. Positive is that the US begins to take softer steps for crypto arrangements. However, as the standards for the fight for money laundering are determined, these rules are starting to implement these rules for countries like Türkiye.
Türkiye Crypto Monetary Law
Crypto currencies worldwide have experienced years away from regulation. Although this gives them the opportunity to move more easily in the gray area, the rise of the sector to the class of global being necessitates the change of things. This includes the effort of each country to adapt to global standards within the scope of FATF.
Türkiye is preparing a bill to adapt to the financial action duty force (FATF) standards and to prevent the use of crypton in money laundering. The financial action power sets and monitors global standards to combat money laundering and financing of terrorism. It is included in the sanction list for countries that do not comply with the standards.
MASAK is an institution operating within the scope of the Law No. 5549 on the Prevention of Laundering of Crime Revenues. Türkiye at this point FATF Within the scope of the rules, Masak will give the authority to freeze crypto money accounts at the point where it is necessary.
Recommended changes according to Bloomberg sources will expand Masak’s fight against money laundering (AML). crypto- as well as the bank account freezing ability to dry the institution. For a while, Türkiye has been preparing to commission the obligation for bank transfers over 200 thousand TL and we have seen news about it. Next year, both account freezing and explanation requirements will be expanded to include the crypto.
When is the law?
2.5 months ago, the Turkish Grand National Assembly was on vacation and will start its activities again on Wednesday, October 1 at 15:00. There are too many laws waiting for the economy, VERGI REGULATIONSissues such as education reform, foreign policy. Masak The Parliamentary process is expected to be completed soon.
So what’s the crypto money taxation? For now, there is no tax work for crypto currencies. At the end of 2021, although crypto currencies have risen in the environment, such as made some explanations, the regulation of the stock exchanges was focused on this process. The exchanges are already paying taxes arising from their activities and there is no tax for crypto currencies for a while. Problems such as complex tax calculation process, instant change of profit and damage are globally Taxation of crypto coins makes it power. Since there is no tax on traditional stock exchanges in Türkiye, it is more reasonable to evaluate the crypton in the same class.
In his statements at the end of 2021, the GY made clear that there would be no taxes without tax legislation and that the legislation could not be employed in the past.
