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CoinOtag 2024-06-14 22:18:34

Turkey Proposes Significant Tax on Bitcoin and Crypto Transactions Amid Economic Recovery Efforts

Turkey, the eighth-largest economy in continental Europe, is introducing a proposed tax on cryptocurrency transactions. This move aims to generate additional revenue for recovery efforts following the devastating 2023 earthquakes. The projected revenue from this new tax could total an estimated $7 billion. Turkey targets crypto transactions with new tax proposal to alleviate budget deficit.

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