Turkey's ruling Justice and Development Party (AK Party) has submitted a draft bill to parliament proposing a 10% income tax on cryptocurrency gains and a 0.03% transaction tax on crypto service providers. The bill mandates platforms to withhold a 10% tax on crypto transaction income and gains quarterly. Transactions on unauthorized platforms would require annual tax declarations. Additionally, crypto service providers must pay a 0.03% tax on executed or brokered trades and transfers. According to Chainalysis, Turkey's crypto trading volume reached nearly $200 billion in 2025, ranking among the highest globally.