Cryptocurrency Statement from Minister Mehmet Şimşek!

As you may remember, the Presidential Annual Program for 2024, prepared by the Presidential Strategic and Budget Directorate, was published in the official gazette last week.

While cryptocurrencies were also included in the annual program, cryptocurrencies were described as “virtual assets representing a digital value that can be bought, sold and transferred digitally.”

In the annual program, which includes explanations about the taxation of cryptocurrencies, “Legislative studies will continue regarding transactions made using virtual assets that can be bought, sold and transferred digitally and represent a digital value.” statements were included.

While the issue of taxation of cryptocurrencies remains hot on the agenda, a new statement came from the Minister of Treasury and Finance Mehmet Şimşek.

According to Anadolu Agency, Şimşek, speaking at the budget presentation at the Grand National Assembly of Turkey Planning and Budget Commission, stated that the fight against financial crimes, as well as reducing inflation, are among the main priorities.

“Fighting against financial crimes is among our main priorities. According to the report shared by FATF, our country complies with 39 of 40 FATF standards.

Within the scope of technical compliance, the only issue that is still under preparation is the work on cryptocurrencies.

Our necessary work in this regard has reached the final stage.

In this state, Türkiye has become one of the most successful countries in technical harmonization. We are determined to continue and increase our work in this context. “We are making efforts to remove our country from the gray list with the effectiveness we will provide in practice.”