Nowadays, existence of crypto currencies constitutes one of the most important agenda for the countries. Due to globalisation and technological developments, recent taxation structure and legal regulations fall short of taxation of crypto currencies. Many countries, notably EU, FATF, IMF and OECD perform studies towards prevention of informality and comprehension of all activities. This study focuses on the model of international organisations, the model of countries already made regulations and the model for Turkey in the solution for the problem on taxation of crypto currencies. In many countries, in the taxation of this area direct tax (Capital Gain Tax) becomes prominent instead of indirect tax (value added tax). Turkey has taken the first step for taxation of crypto currencies, too. Yet, in order to excise this area more effectively, development and implementation of a taxation regime that forms an international cooperation rather than country - based solutions.
Cryptocurrency, Bitcoin, Taxation