In yesterday’s meetings, the parties shared their views on the cryptocurrency tax law. In accordance with the decision taken, the meeting was closed at 22.52 to meet at 14.00 on Thursday, March 26, 2026. The general assembly reconvened today at the appointed time, and at the time of writing, MPs continue to have the right to speak on matters that are not on the agenda.
Cryptocurrency Tax Law
In the statements dated March 25, the parties generally made statements supporting taxation, but we did not see speeches in the tone that cryptocurrency investors wanted. Some opposition MPs even said that it was too late for taxation and that this law would not have any meaning (obligation to declare to global stock exchanges) for 1 year since information would be shared as of next year.
CHP Izmir Deputy Ümit Özlale said;
“There is also a double standard. For example, you are an investor, if you invest your money in the local stock exchange, you pay 10% withholding tax. But if you want to evaluate your investment abroad, there is a declaration procedure. Which investor would prefer the domestic crypto asset market here?”
Such statements show that cryptocurrency investors have not yet been able to make their voices heard, even to the opposition. The claim that there is positive discrimination in global stock exchanges creates a great contrast when read together with the reaction of the community. Investors say that taxing global stock exchange usage due to declaration of up to 40% will end crypto in Türkiye. But “if there is a tax crypto- Yesterday, we even saw MPs who said, “They don’t pursue their business, they don’t invest.”
In his statement at 12:15 today, İyi Party Deputy Burak Dalgın said that some taxes talked about crypto should be removed and some should be reduced.
The government has until the opening of the Turkish Grand National Assembly today to make changes to the cryptocurrency tax! https://t.co/ozqMamvTTr pic.twitter.com/3jlMBhVbuy
— Burak Dalgın (@bdalgin) March 26, 2026
Speaking yesterday, Sadullah Kısacık – New Path Party (DEVA) Adana Mv. He stated that the cryptocurrency tax regulation should be considered in more detail and said, “The law should not be passed in its current form.”
Sadullah Kısacık – New Path Party (DEVA) Adana Mv. His full speech on cryptocurrency tax regulation.
“The law should not be passed in its current state.” https://t.co/oUnE0VKHkT pic.twitter.com/WAt6E9JTwa
— (@Media) March 25, 2026
We shared the statement made by Ömer İleri yesterday. Deputy Chairman of the AK Party and Ankara Deputy Ömer İleri, who has an important role in shaping the cryptocurrency policy and is in communication with the sector stakeholders, reassured the investors by saying, “Our efforts to reorganize it by submitting an amendment proposal, taking into account the sensitivities in the public, continue.”
We continue to work on rearranging some articles regarding crypto assets included in the bill that we discussed in the General Assembly of the Turkish Grand National Assembly, by submitting an amendment proposal, taking into account the sensitivities of the public.
Relating to…
—Dr. Ömer İleri (@DrOmerileri) March 25, 2026
What Do Cryptocurrency Investors Want?
A 0.03% tax on transactions made on local exchanges is reasonable, and this tax will already be collected from local cryptocurrency exchanges. Since the transaction commission that exchanges normally receive is much higher, it is very easy and simple for CMB-approved exchanges to include this in their transaction commissions and not reflect it to the user.
According to Ömer İleri’s statement this month, the situation where profits in local stock markets would incur a 10% withholding tax has already been cancelled.
So where is the problem? Cryptocurrency investors The main problem for the company is that this law introduces the obligation to declare due to withdrawals made from global stock exchanges. This will have serious negative consequences for both investors and the state. Let’s summarize with a few items.
- Dubai and other attractions in the Gulf have embraced crypto. It attracted billions of dollars of assets to the region. Investors opened offices here, bought houses, spent billions of dollars and contributed to the economy of the region. However, at this point today, missiles are flying over Dubai, which means that investors who have money and prefer this place due to tax advantages are looking for alternative homes due to security concerns. If Türkiye imposes such high tax rates, it will block tens of billions of dollars of capital coming to the country. Türkiye’s biggest source of foreign currency is tourism and its 2026 target is 68 billion dollars. In other words, billion-dollar figures are the figures that the Turkish economy really needs.
- The number of Turkish investors is expressed in millions. These investors earn profits on stock exchanges abroad, on DeFi platforms, through airdrops, trades or other means. They withdraw their money to their accounts in Türkiye and spend and invest here. If there are double-digit taxes, a significant portion of these investors can go to countries that collect 0% or close to 0% taxes and live a much more comfortable life there financially. This will cause a huge amount of assets to flee abroad.
- If Türkiye demands taxes of 5% or less, that is, at more reasonable rates, it will be a center of attraction, that is, it will be able to attract billions of dollars and generate huge tax revenues. The low-rate tax that will be requested without tiring the investor or escaping the country will enable all investors to pay their taxes directly from the stock market with peace of mind. Tax collection will be ensured without the workload and workload costs such as declaration, collection, follow-up and analysis.
- If a double-digit increasing tax rate is demanded, the way will be opened for illegal exchange services, which have already started to provide services. Even today, people who say they can exchange cash in person with a 1-3% commission say that they are the way to reach big investors and bring money into the country without registration. Well, wouldn’t it be more profitable if investors paid the same rates to the government as taxes, generating income for the treasury and paying their taxes, instead of giving 3-5% to these individuals?
Everyone is excitedly waiting for the regulations mentioned by Ömer İleri, but in its current form, this law is extremely risky for both the treasury, investors and the future of Türkiye.
