President Erdogan made yesterday by Turkeyin cryptocurrency law It was stated that it would come very soon and it was ready.
Although no official source has yet shared about the law, this instantly resonated on social media.
Many investors think that serious crypto money taxes will come with the law that will come in the new year. Some sources within the sector emphasize that the situation is not as expected.
What’s in the Cryptocurrency Bill?
One of the well-known names of the crypto money industry in Turkey. Tansel Kaya, He made a statement about this law as “heard”.
Kaya, without giving full details, emphasized that this law is “a weirdo” and stated that it would cause a great loss.
It’s a rough freak, as it sounds to me. If it becomes law in this way, it would be a great loss for Turkey. The ecosystem needs to act together and make this arrangement healthy.
— Tansel Kaya (@TanselKayaTR) December 24, 2021
Sima Baktaş, another well-known name in the crypto money industry, made a similar statement.
After expressing that he saw the draft law, Baktaş implied that the situation would not be good if it was the final version:
I saw the bill. If it is the final version that reaches me, it is very clear that they prepared this bill without understanding Blockchain!
Sorry but it didn’t happen!🤦🏻♀️ @spkgovtr https://t.co/NqlUAX61Lj
— Sima Baktas🔺 (@simabaktas) December 25, 2021
Here, the most important issue that concerns the investors is the bill that Baktaş saw. absence of tax it happened.
Stating that there is a regulation for crypto money companies, Baktaş said that this is still a serious regulation.
According to Baktaş, decentralized cryptocurrency exchanges and cold wallets known as DEX will be in high demand. This actually indicates that the government has imposed a very strict regulation on cryptocurrency exchanges.