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 have no objections to imposing up to 40% income tax on earnings from foreign platforms and are okay with the situation. Unfortunately, someone has already solved the war from the front lines… Declaration and income tax seem inevitable.
They have at least conveyed two clear objections:
➡️They said that the broad scope of tax on each transaction, including partial withdrawals to cold wallets, inter-platform transfers, transfers from abroad, etc., is not understood, and they want the transfers to be completely removed.
➡️They also said that a legal starting point is necessary, which is correct; even if this will be implemented, people should be given a deadline for transfers. At least something like starting from 1/1/2027 would be needed.
And there’s also a fact that people are asking what will happen if they run to foreign exchanges and avoid declaring. They claim they will use an international information exchange mechanism to obtain data from foreign exchanges and perform double checks on declarations. This data exchange mechanism is said to go 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 the tax situation…
The head of the Capital Markets Board (SPK) says that domestic licensed institutions are safe havens, and at this stage, taxes won’t drive customers abroad. We will see how accurate this estimate is.
Because 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 won’t want to pay that either, so it’s aimed at protecting domestic platforms.