Turkey's ruling party has proposed a new law that would impose a 10% income tax on digital assets, according to reports. The proposed legislation also grants the Turkish president the authority to adjust the income tax rate on cryptocurrencies, ranging from 0% to as high as 20%. The development signals a potential shift in Turkey's approach to regulating and taxing the growing cryptocurrency market within the country. This move could have implications for crypto investors and the overall digital asset landscape in Turkey.

Turkey's ruling party has proposed a new law that would impose a 10% income tax on digital assets, according to reports. The proposed legislation also grants the Turkish president the authority to adjust the income tax rate on cryptocurrencies, ranging from 0% to as high as 20%. The development signals a potential shift in Turkey's approach to regulating and taxing the growing cryptocurrency market within the country. This move could have implications for crypto investors and the overall digital asset landscape in Turkey.