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Ruling Party Sources Deny Plan to Levy 40% Tax on Crypto Yields in Turkey

A bill to regulate cryptocurrency trading in Turkey will be presented to parliament over the coming weeks. According to Hurriyet, sources from Turkey’s Justice and Development Party (AKP), which is the ruling political party, strongly denied allegations that Ankara authorities are planning to tax cryptocurrency gains at a 40% rate. Mustafa Elitas (AKP deputy leader), commented...Read More

Global Markets, Bitcoin Defy Expectations After Fed’s Hawkish Taper Plan Announcement

The U.S. Federal Reserve has initiated a unique monetary easing policy since the inception of Covid-19. This has resulted in a spike in inflation. Analysts and economists around the world have criticized Fed’s decisions recently. On Wednesday, the FOMC met for two days. The central bank stated that its bond purchasing program will be reduced to $30 billion per monthly by January. The...Read More
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