🇹🇷 Turkish Ruling Party Proposes 10% Crypto Income Tax, Levy on Service Providers

Turkey's ruling AK Party proposed on Monday adopting ​a tax on cryptocurrency income and a transaction ‌levy on crypto asset service providers, in a draft law submitted to parliament.

💬 "Platforms must apply a 10% withholding tax on income ​and gains from crypto‑asset transactions on a quarterly ​basis," the text of the draft said.

Profits from ⁠crypto asset transactions conducted outside authorized platforms would ​be taxed through declaration in annual statements.

📌 Under the proposal, crypto ​asset service providers would pay a 0.03% transaction tax on sale and transfer transactions they conduct or mediate.

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🏦 Russian Central Bank Proposes Allowing Banks and Brokers to Obtain Crypto Licenses

The Bank of Russia has proposed allowing banks and brokerage firms to obtain licenses to operate crypto exchanges, a move that would place traditional financial institutions at the center of the country’s future regulated digital asset market.

📌 The proposal was outlined by Central Bank Governor Elvira Nabiullina at an annual meeting with credit organisations. According to the regulator, existing financial institutions already have compliance infrastructure that could be used to supervise crypto transactions.

"We hope that the vast experience of banks in AML/CFT and fraud prevention will help protect your clients in the crypto market," Nabiullina said.

📎 Under the proposed framework, banks and brokers would be able to obtain crypto exchange licenses through a notification-based procedure rather than a separate licensing process. In practice, this would allow them to offer crypto services using their existing financial licenses.

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🔄 How to Exchange TrueUSD Safely and Efficiently

TrueUSD (TUSD) is one of the most widely used stablecoins, fully backed by the US dollar. It is commonly used for settlements, trading, and international transfers thanks to its stable price, transparency, and high liquidity.

📌 The relevance of exchanging TUSD continues to grow alongside the broader adoption of stablecoins. Users need fast and reliable ways to convert assets into US dollars or other digital currencies. This article explains what TUSD is, which exchange methods are available, and how to complete an exchange safely, including through the CryptoCloud service.

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🇹🇭 Thailand Freezes 10,000 Suspected Mule Accounts After Stricter Screening

Cryptocurrency platforms in Thailand have frozen more than 10,000 accounts suspected of being used for laundering illicit funds as authorities intensify efforts to shut down so-called mule accounts in the digital asset market.

📌 The freezes followed the rollout of stricter screening measures designed to slow suspicious transfers and trigger additional Know Your Customer checks for higher-risk transactions. According to local reporting from the Bangkok Post, the tighter controls helped exchanges identify accounts linked to potential money-laundering activity.

Att Thongyai Asavanund, chief executive of KuCoin Thailand and chairman of the Thai Digital Asset Operators Trade Association (TDO), said the new monitoring process allowed operators to detect thousands of suspect accounts. "The tighter process helped operators identify and freeze more than 10,000 suspected mule accounts," he told the Bangkok Post.

📎 The action forms part of a broader enforcement effort involving financial regulators, banks and law-enforcement agencies as Thailand works to close loopholes in digital-asset transfers.

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🇦🇺 Australian Senate Panel Backs Crypto Regulation Framework

An Australian Senate committee has endorsed a bill that would bring cryptocurrency platforms and custody providers under the country’s existing financial services framework.

⚖️ The proposed Corporations Amendment (Digital Assets Framework) Bill 2025 would create a licensing and compliance regime for digital token managers by amending the Companies Act and the ASIC Act.

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