🇹🇷 Istanbul City

Turkey has a clear legal framework for cryptocurrency under Law No. 7518 on Crypto Assets (2024), providing regulated status for crypto activities.

Overview

StatusLegal
Risk Score30/100 (Moderate Risk)
Regioneurope
CurrencyTRY

Tax Information

Capital Gains (Personal)30% capital gains tax
Capital Gains (Corporate)22% corporate tax on crypto gains
VAT on CryptoNo
Staking TaxTaxed as income
Airdrop TaxTaxed as income

Turkey taxes personal capital gains from crypto at 30%, corporate gains at 22%, and treats staking, mining, and airdrops as taxable income. VAT does not apply to crypto transactions.

Licensing & Registration

RequiredYes
RegulatorCMB / BDDK / MASAK
FrameworkLaw No. 7518 on Crypto Assets (2024)
Easemedium

Licensing under Law No. 7518 requires compliance with AML and operational standards; process is moderately complex.

Enforcement Activity

Level: Moderate

Enforcement focused on unlicensed operators and consumer protection

AML / KYC

KYC RequiredYes
Travel RuleYes
FATF MemberNo
FATF Statusfsrb_only
FATF BodyFATF
Suspicious-Activity ReportingYes

DeFi, Stablecoins & NFTs

Status: regulated

DeFi activities are regulated under the same framework as other crypto assets, requiring compliance with AML and licensing rules.

Stablecoins

Status: specific_framework

Stablecoins are regulated under Law No. 7518 with specific provisions for issuance and custody.

NFTs

Status: no_rules

No specific NFT regulation

Mining

LegalYes
Electricity Cost$0.15/kWh
Renewable Energy30%
Infrastructuregood

Mining is legal with moderate electricity costs and good infrastructure, benefiting from 30% renewable energy share.

Geopolitical Risk

Stabilitymoderate
SanctionsNo
Corruption Index40/100
Banking Accessmoderate

Risk Factors

Turkey has moderate political stability with some regional risks and inflation concerns. Banking access for crypto firms is moderate, and internet freedom is partly free.

Sources

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Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map

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