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With a large and active crypto market, Turkey ranks fourth globally in terms of crypto trading volume. The robust regulatory framework, combined with market growth, has made the nation one of the major players in the cryptocurrency market in 2025. While trading crypto is legal in Turkey, using it for payments is prohibited.
Lately, Turkey has been tightening its compliance requirements for crypto exchanges to increase security.
July 3, 2025 – The Turkish Capital Markets Board (CMB) has blocked 46 websites
June 28, 2025- Official Gazette
June 24, 2025- Prevention of money laundering and criminal proceeds in crypto
March 13, 2025- Communiqué No. III-35/B.1 and the Capital Markets Law and Communiqué No. III-35/B.2
February 25, 2025- Travel Rule
January 25, 2025- Deadline for CASPs
As of 2025, the Turkish government is focusing on reducing illicit activities in the crypto space by imposing new laws to strengthen anti-money laundering efforts.
The Finance Minister, Mehmet Simsek, said, “We are taking new steps to prevent the laundering of criminal proceeds obtained from illegal betting and fraud through cryptocurrency transactions.”
Keu Highlights are:
Under the new crypto law in Turkey, a Capital Markets Board (CMB) verified CASP license is mandatory for crypto exchanges, wallet providers, and custodians. It underlines:
Is crypto taxed in Turkey? While there is no specific tax regime for crypto assets, it is subject to the existing general income tax. Profits from crypto may be considered income and may be taxed at progressive tax rates.
There were proposals for a minimal transaction tax up to 0.03% to support the national budget, but it has not been implemented yet.
General Income Tax in Turkey 2025:
| Annual income | Tax rate |
| Up to TRY 32,000 ($931) | 15% |
| TRY 32,001 to TRY 70,000 ($931-$2,037) | 20% |
| TRY 70,001 to TRY 150,000 ($2,037-$3,765) | 27% |
| TRY 150,001 to TRY 880,000($2,037-$25,613 | 35% |
| Income exceeding TRY 880,000 ($25,613) | 40% |
The crypto market in Turkey is rapidly growing while attracting international businesses to trade with friendly regulations and a fair tax regime. While some countries are focusing on expanding tax rates or increasing the government’s crypto asset holdings, Turkey is focusing on enhancing services for crypto investors and reducing illegal activities. Driven by market growth and security systems, Turkey may soon position itself as a crypto leader.
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