⚠️ I wouldn’t want to start the day with such a long and unpleasant topic, but this concerns everyone involved in crypto.

I just read the parliamentary records regarding the crypto law. First of all, I was disappointed to see that those representing the crypto side did not object at all to the imposition of a 40% tax on income obtained from foreign platforms, and they accepted the situation. Unfortunately, someone has already solved the war from the front lines… Declaration and income tax seem inevitable.
They have at least communicated two clear objections:
➡️ They said that the broad scope of the transaction-based tax, including transfers to cold wallets, inter-platform transfers, transfers from abroad, etc., is not understood, and they want the complete removal of transfer taxes.
➡️ They also said that a legal starting point is necessary, which is correct; if this is going to happen to people anyway, a deadline should be set for transfers. At least something like starting from 1/1/2027 is needed.
There is also a fact that if people run to foreign exchanges and avoid declaring, what will happen? They claim that they will use an international information exchange mechanism to obtain data from foreign exchanges and perform double checks on declarations. This data mechanism is said to come into effect on January 1, 2027. A friend of mine says this could be the deadline for those wanting to take a possible position depending on their tax situation…
The head of the Capital Markets Board (SPK) says that domestic licensed institutions are safe havens, and at this stage, taxes will not push clients abroad. We will see how accurate this estimate is.
Despite this statement, it should also be known that the 10% withholding tax was not removed to prevent the public from being taxed elsewhere. When the SPK imposes a 10% automatic tax on those who get approval, people will run to foreign exchanges and will not want to pay that either, so it was introduced to protect domestic platforms.