Last week, details emerged in the “cryptocurrency legislation proposal”, which Finance Minister Mehmet Simsek said, “It is coming to the Grand National Assembly next week”. The statement came from AK Party Group Chairman Abdullah Guler and AK Party Deputy Chairman Omer Ileri.
No permission for foreign exchanges
In the details given by Abdullah Guler, the AK Party Group Chairman, there was an emphasis on foreign stock exchanges. “[As] the supervision of crypto asset providers operating abroad cannot be fully ensured, the transactions of these companies will also be terminated,” Guler said.
3-5 years imprisonment for unlicensed company executives
It was announced that those responsible for unlicensed companies will be imprisoned for 3 to 5 years.
No tax, but approval from TUBITAK
On the other hand, it was stated that there is no article on tax, which is one of the most curious issues of users. Abdullah Guler said, “There is no taxation in our proposal. There is a 1% income for the CMB, 1% for TÜBİTAK, that is, a 2% income in total.”
It was stated that it is planned to obtain approval from TÜBİTAK for the cryptocurrencies and tokens that the exchanges intend to list.