Turkey is transitioning from a ban on crypto payments to a comprehensive regulatory framework. The government plans to empower MASAK with the authority to freeze crypto accounts. The regulatory system will involve TCMB for payment prohibitions, CMB for licensing, and MASAK for AML/CFT compliance. Crypto assets are classified as "non-monetary intangible assets."
While there is no specific crypto tax law, existing corporate, personal, VAT, and stamp taxes can be applied under the logic of intangible assets or capital gains. This marks a shift from regulatory void to compliance and transparency.
Turkey Shifts Crypto Policy from Ban to Comprehensive Regulation
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