A renewed crypto tax initiative has been launched by Turkey as the country presented a major draft law aimed at restructuring national digital asset regulations. The ruling AK Party introduced this proposal to reinforce financial oversight and taxation rules for crypto activities.
The draft law focuses on a crypto tax rate of 10%, which is applicable as a withholding tax on income or gains made from cryptocurrency transactions. The authorized platforms are required to withhold this tax every quarter.
As reported by Reuters, the draft law requires that the withholding tax be applied at the moment profits are made. This is a fixed method that removes any uncertainty for users or the government. It makes the crypto tax collection process consistent.
Investors who trade outside authorized platforms are required to declare their profits through annual filings. This separates regulated trading from independent trading. The structure is believed to enhance the monitoring of transactions as well as improve transparency within the market.
The proposal introduces a 0.03% transaction tax on crypto asset service providers. This tax applies to crypto exchanges and regulated crypto service providers, who must pay this fee on each transaction they process.
This is a separate tax from the crypto tax on investors’ capital gains. This places crypto intermediaries within a fiscal regime comparable to other financial service providers.
Turkey’s regulatory efforts come at a time of rising crypto adoption. Turkey’s high inflation rates have prompted citizens to turn to crypto assets.
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The weakening Turkish lira has also contributed to the rising popularity of digital assets. These trends contribute to rising activity within the new crypto tax system.
Chainalysis reported that Turkey achieved a transaction volume of almost $200 billion in 2025. This makes Turkey one of the most active crypto markets worldwide. Turkey believes that rising crypto activity justifies the need for stronger regulations, including the new crypto tax system and new compliance tools.
In addition to this, the authorities are planning to increase the capabilities of MASAK, a financial crimes watchdog. The decisions were made on September 25.
As a result of this plan, MASAK will now have the power to manage or limit financial transactions involving suspected illegal activities through bank accounts or cryptocurrency wallets. The watchdog will now have the power to limit transactions, block mobile banking services, or blacklist wallet addresses.
According to a report by Bloomberg, the authorities are cracking down on “rented accounts.” The reports indicate that these accounts are used by criminals to carry out their activities without being identified. The accounts are used to conceal the sources of transactions.
Officials say that timely intervention can stop small cases from becoming larger schemes. They believe that the measures, the powers, and the crypto tax system will enhance the integrity of the markets and curb the misuse of digital assets.
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