Turkey has introduced a proposal for a dual-revenue tax system on cryptocurrency transactions, featuring a 0.03% transaction tax and a 10% quarterly levy on net trading profits. The bill, presented to the Turkish Grand National Assembly, aims to integrate digital assets into the formal tax regime, allowing for loss deductions and using the First In, First Out (FIFO) method for profit calculations. The proposal grants the president authority to adjust tax rates, marking a significant step in defining Turkey's crypto tax landscape. The legislation seeks to categorize cryptocurrency income under national financial law, aligning it with existing income structures. It includes compliance requirements for domestic service providers, ensuring trades are registered and transparent, consistent with anti-money laundering regulations. The bill also exempts crypto asset transfers from value-added tax, preventing double taxation and aligning with international regulatory trends. Implementation is expected to begin two months after official publication, with market participants preparing for operational adjustments.