Svmuu News: Turkey’s ruling AK Party has submitted a comprehensive economic bill to parliament aimed at formally establishing a cryptocurrency tax regime. The bill proposes a 10% quarterly withholding tax on earnings from cryptocurrency platforms regulated under the Capital Markets Law, regardless of the investor’s identity or place of residence. Additionally, the bill proposes a 0.03% transaction tax on service providers facilitating trades. The President of Turkey will have the authority to adjust the withholding tax rate between 0% and 20% based on the type of token, holding period, issuer, or wallet type. If approved, the cryptocurrency-related provisions will take effect two months after publication.