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28 Mar 2026, 20:10
Turkish lawmakers withdraw crypto tax provisions from omnibus bill
The parliament in Turkey has removed provisions introducing cryptocurrency taxation from a massive bill designed to regulate a range of matters related to tax collection and government spending. The texts, which proved contentious as they envisaged imposing a levy on all transactions through crypto platforms, were withdrawn after a strong pushback from opposition lawmakers and stakeholders. Crypto tax provisions dropped from Turkish law Members of Turkey’s legislature have withdrawn provisions aimed at taxing cryptocurrency transactions following talks between the parliamentary majority and other factions. The articles were part of a sweeping bill covering not just tax policy, but other economic regulations as well and defense spending, the English-language edition Hürriyet Daily News unveiled on Saturday. The last-minute agreement for their deletion was reached ahead of a formal meeting presided over by the Deputy Speaker of the Grand National Assembly, Celal Adan, the report detailed. The provisions would have slapped a 0.3% transaction tax on sales and transfers of digital assets processed by crypto service providers in Turkey, collected and paid to the state each month. They were also introducing taxation for crypto-related earnings, obliging intermediaries to withhold 10% on the capital gains of their clients on a quarterly basis, as reported by Cryptopolitan earlier in March. The texts, strongly criticized by the opposition, had been added to the omnibus bill by the ruling Justice and Development (AK) Party. While the proposals have been removed now, their representatives indicated they may file a revised draft as part of a separate legislative initiative. The government in Ankara is still hoping to tap into the massive financial flows generated by the country’s growing cryptocurrency sector. The Turkish crypto market expanded significantly over the past few years, marked by high inflation of the national fiat currency, the lira. Turkey wanted to tax even crypto withdrawals By all indications, Turkey’s tax authority has played a leading role in drafting the controversial legislation as crypto assets are treated mainly from its own perspective. That resulted in two main issues, according to Ussal Sahbaz, managing partner at Ussal Consultancy & MnP Istanbul Hub, who took to X to explain thoroughly. The first stems from the intention to apply the suggested transaction tax to all transfers via service providers, including those to self-custody wallets, he pointed out and elaborated: “In practice, this is equivalent to taxing cash withdrawals from a bank. Globally, this type of approach is extremely rare—reportedly seen only in Kenya.” Introducing withholding tax on crypto income creates the other problem, noted Sahbaz, whose efforts are focused on bridging the gap between business and policy in Turkey. “For an asset class with near-zero mobility costs, this would likely push users toward offshore platforms where taxation is declaration-based,” the expert warned. He reminded that similar developments have already been observed in India and South Korea, “both of which are now trying to correct for unintended capital outflows.” I the case of cryptocurrencies, “poorly designed taxation does not increase revenues—it shifts the tax base elsewhere,” added the Turkish analyst who specializes in emerging markets. Ussal Sahbaz recalled that the government-proposed bill quickly passed through parliamentary committees, which approved it without much consultation with interested parties. Its crypto provisions were only withdrawn at the last moment, thanks to the active efforts of a small group of lawmakers and under pressure from stakeholders. The remaining part of the broad bill still contains other significant fiscal measures, the Hürriyet news outlet highlighted in its report. For example, it introduces a 20% “special consumption tax” on diamonds, pearls, and other precious stones, including products made from them. It also bans companies in Turkey’s gambling and betting industry from deducting advertising expenses from their taxable income. If you're reading this, you’re already ahead. Stay there with our newsletter .
28 Mar 2026, 20:05
Researcher Connects the Dots Between This SWIFT’s Major Announcement and XRP
The architecture of global finance is changing in real time, and the shift is no longer subtle. Financial institutions now demand instant settlement, lower costs, and frictionless cross-border flows. As these demands intensify, legacy systems and blockchain infrastructure are beginning to align in ways that signal a deeper transformation across the payments landscape. Crypto researcher Ripple Bull Winkle brought fresh attention to this shift by linking a recent announcement from SWIFT to the long-standing strategy of Ripple. His analysis highlights a convergence that many market participants have overlooked but institutions appear to recognize. SWIFT Pushes Toward Frictionless Global Payments SWIFT has begun advancing a new framework designed to make cross-border payments feel as seamless as domestic transfers. The network, which facilitates tens of millions of daily messages and supports trillions in transaction value, now focuses on speed, interoperability, and efficiency. Swift just announced something that changes everything. And almost nobody connected the dots to XRP. — Ripple Bull Winkle | Crypto Researcher (@RipBullWinkle) March 27, 2026 More than 50 banks have joined this initiative, signaling strong institutional commitment to modernizing global payment rails. SWIFT aims to eliminate long-standing inefficiencies such as delayed settlement times and complex correspondent banking structures. This strategic pivot reflects growing pressure to compete with faster, technology-driven alternatives. Ripple’s Model Already Solves the Same Problem Ripple has already built infrastructure that addresses these exact challenges . Its network uses XRP to power on-demand liquidity, which enables near-instant cross-border transactions without requiring pre-funded accounts. This approach reduces costs and unlocks capital efficiency for financial institutions. Ripple Bull Winkle’s argument gains strength when examining the banks involved. Institutions such as Akbank, ANZ, Axis Bank, and Bank Alfalah have already explored or implemented Ripple’s technology. Their participation in SWIFT’s evolving framework suggests continuity in strategy rather than coincidence. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Convergence Defines the Next Phase of Finance SWIFT does not explicitly position itself as a blockchain network, yet its current direction mirrors the outcomes Ripple has pursued for years. The industry now moves toward a unified goal: real-time settlement, interoperable systems, and efficient liquidity management. This shift aligns with insights from Roger Bayston of Franklin Templeton, who noted that companies increasingly adopt blockchain networks like XRP to solve real business problems. Institutions no longer experiment in isolation; they actively integrate solutions that deliver measurable efficiency. Institutional Adoption Has Already Begun SWIFT’s announcement does not confirm direct integration with Ripple, but it reinforces a critical reality. The world’s largest financial messaging network now prioritizes the same capabilities that define blockchain-based payment systems. This alignment signals that institutional adoption has moved beyond speculation. Financial giants now build infrastructure that reflects blockchain principles, whether through direct implementation or parallel innovation. As these systems converge, XRP stands in a position to benefit from a global transition that is already underway. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Researcher Connects the Dots Between This SWIFT’s Major Announcement and XRP appeared first on Times Tabloid .
28 Mar 2026, 19:30
Morgan Stanley Eyes Bitcoin ETF With Fee That Could Shake An $83 Billion Market
Morgan Stanley’s 16,000 financial advisors manage $6.2 trillion in client assets. That number has been sitting in the background of a major filing — and it explains a lot about why the bank set its proposed Bitcoin ETF fee where it did. A Fee Built For Advisors, Not Just Investors The bank filed an updated S-1 registration statement with the SEC on Friday, setting the fee for its proposed Morgan Stanley Bitcoin Trust at 0.14%. If approved, that would make it the lowest fee of any spot Bitcoin ETF currently trading in the US market. Bloomberg ETF analyst Eric Balchunas said the fee was set with advisors in mind — at that price point, no one on the firm’s sales floor would feel awkward recommending the product to clients. That is a practical calculation. Advisors who push high-fee products into client portfolios face questions. At 0.14%, those questions go away. BlackRock’s iShares Bitcoin Trust charges 0.25%. The Grayscale Bitcoin Mini Trust sits at 0.15%. Morgan Stanley is going in one basis point below both of its nearest rivals. Bloomberg ETF analyst James Seyffart called it a big move and said an early April launch is likely, pending regulatory approval. WOW. We have the fee on Morgan Stanley’s spot bitcoin ETF $MSBT . Will charge just 0.14% !!! Big move here. They are not messing around. Likely to launch in early April. https://t.co/R0iA3wMB5N — James Seyffart (@JSeyff) March 27, 2026 First Bank To Issue A Spot Bitcoin ETF Approval would put Morgan Stanley in a category of one. No major bank has yet issued a spot Bitcoin ETF in the US. That distinction, combined with a rock-bottom fee and a distribution network of thousands of advisors, gives the product a strong early position if it clears the SEC. The bank named Coinbase and Bank of New York Mellon as custodians for the fund. Those are two of the most established names in digital asset custody, and the pairing signals that Morgan Stanley is building this to last — not testing the waters. Rivals will now face a decision. The $83 billion spot ETF market has operated with fees clustered around 0.20% to 0.25%. A new entrant coming in below all of them puts pressure on existing providers to respond or accept the risk of losing assets over time. More Than Just Bitcoin The Bitcoin ETF is one piece of a larger push. In January, Morgan Stanley also filed for a Solana ETF and a staked Ether ETF. Weeks later, it applied for a national trust banking charter that would allow it to custody digital assets, carry out trades, and offer staking services directly to clients. Featured image from Unsplash, chart from TradingView
28 Mar 2026, 19:30
Bitcoin Faces Familiar Crossroads As Midterm Cycle Turns Bearish: Analyst
A worst-case scenario is now on the table. Some analysts say Bitcoin could fall as low as $41,000 if a bear flag pattern currently forming on price charts plays out — a warning sign drawing attention as the cryptocurrency trades near $66,000, roughly half of what it was worth at its recent high. Related Reading: Ethereum Sets User Record As Price Lags Far Behind Network Growth Geopolitical Shock Hits At A Bad Time The closure of the Strait of Hormuz sent oil prices surging this week, rattling global markets and pulling risk assets lower. Bitcoin was caught in the selloff. Prices slipped below $66,000 as traders weighed rising energy costs, stubborn US inflation, and fresh stress in the bond market. The timing of the geopolitical flare-up has made an already fragile price setup harder to defend. A bear flag pattern — a technical chart signal where prices briefly consolidate after a decline before continuing lower — is now visible on Bitcoin’s chart. Based on reports from market analysts, the pattern puts an initial downside target near $50,000, with the $41,000 level emerging as a deeper floor if selling pressure intensifies. Bitcoin is down 47% from its peak. That kind of drawdown might sound alarming, but analysts who track long-term crypto cycles say it fits a pattern that has shown up before. A Cycle That Has Played Out Before Data shows that Bitcoin tends to lose momentum in midterm years. Reports going back to 2014, 2018, and 2022 show a recurring sequence: prices start the year relatively stable, fade through late Q1 into early Q2, and then grind lower through the summer months. The 2026 price action has tracked this historical average closely. On average, around now is when #Bitcoin continues its decline in midterm years. pic.twitter.com/JZ7Rcx2wJY — Benjamin Cowen (@intocryptoverse) March 27, 2026 Analyst Benjamin Cowen, who has followed Bitcoin’s multi-year cycles, points to what he calls the mid-cycle dip zone — a phase that typically follows a major bull run and stretches across several quarters. According to Cowen, midterm years are not crash events. They are cooldown periods. Rallies lose steam. Volatility picks up. Corrections run longer than most investors expect. That description fits what is happening now. Following a strong run in 2025, Bitcoin’s year-to-date performance has tilted negative, matching the kind of softening seen in prior cycles. Related Reading: UK Slaps Sanctions On $20B Crypto Black Market Tied To Southeast Asia Scam Rings Patience May Be The Only Strategy Left For long-term Bitcoin holders, the message from analysts is straightforward: this has happened before, and it has always eventually ended. But the short-term picture offers little comfort. Macro pressures are stacking up at the same moment that Bitcoin’s chart structure is weakening, and there is no clear catalyst in sight to reverse the trend. Featured image from Unsplash, chart from TradingView
28 Mar 2026, 19:05
Ripple CEO Just Laid Out What Act Passing Really Means for Ripple and XRP
The race to define digital asset regulation in the United States has entered a critical stage, and the outcome will shape the future of blockchain finance. Industry leaders no longer speak in hypotheticals; they now outline tangible shifts that could follow once lawmakers establish clear rules. At the center of this evolving narrative stands Brad Garlinghouse , whose recent remarks have sharpened focus on what regulatory clarity could unlock for the market. Crypto commentator Archie drew attention to Garlinghouse’s response during a discussion about the impact of clarity on Ripple and its native asset, XRP. His explanation reveals a strategic reality: Ripple does not need to change its core operations, but the broader financial ecosystem around it stands on the verge of transformation. Regulatory Clarity Removes Institutional Friction Garlinghouse made it clear that regulation will not redefine Ripple’s business model; instead, it will eliminate the uncertainty that has restrained institutional adoption. For years, U.S. banks have avoided deep engagement with digital assets due to unclear compliance frameworks and legal risks. This hesitation has slowed integration, even as blockchain technology has proven its efficiency. Brad Garlinghouse just laid out what CLARITY passing really means for Ripple & XRP Maria asks: “What happens when clarity gets passed for Ripple?” Brad: “It won’t change Ripple’s business too much… what it DOES is unlock the banks in the United States who have been… https://t.co/mfKvhZ5G04 pic.twitter.com/W3776MOB0G — Archie (@Archie_XRPL) March 27, 2026 The proposed Digital Asset Market Structure CLARITY Act aims to resolve this ambiguity by defining how digital assets operate within existing financial laws. Once regulators codify these rules, financial institutions can move forward with confidence, knowing they operate within a compliant structure. Banks Poised to Enter at Scale Garlinghouse directly linked regulatory clarity to institutional participation. He emphasized that many banks have already shown interest in blockchain-powered solutions but have held back due to regulatory uncertainty. Clear legal guidance will unlock that hesitation. Ripple’s infrastructure already supports fast, low-cost, and energy-efficient cross-border payments through XRP. Its On-Demand Liquidity solution enables near-instant settlement without the need for pre-funded accounts. With regulatory barriers removed, major financial institutions can integrate these solutions at scale, accelerating adoption across global payment corridors. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 XRP’s Utility Expands Beyond Payments XRP’s value proposition extends beyond cross-border transfers . The XRP Ledger continues to evolve into a platform for tokenizing real-world assets, including financial instruments and stable-value assets. This functionality aligns with a growing institutional focus on blockchain-based asset issuance and settlement. Regulatory clarity will strengthen this narrative. Institutions require legal certainty before deploying capital into tokenization frameworks. Once that certainty exists, XRPL’s efficiency and low transaction costs will position it as a viable infrastructure for large-scale financial applications. A Structural Shift in Market Dynamics Garlinghouse’s message highlights a broader transformation rather than a single catalyst. Regulatory clarity will expand the total addressable market by bringing traditional financial institutions into the digital asset space. This shift will not only validate existing use cases but also accelerate innovation across payments, liquidity management, and asset tokenization. If lawmakers finalize clear regulatory frameworks, XRP could move from a globally utilized asset to a core component of institutional finance. The convergence of compliance, utility, and adoption may mark the beginning of a new phase for Ripple and the wider blockchain industry. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Ripple CEO Just Laid Out What Act Passing Really Means for Ripple and XRP appeared first on Times Tabloid .
28 Mar 2026, 19:00
Ethereum secures 58% of $16.5B RWA market – Will ETH prices follow?
Shifting activity and capital flows are reshaping Ethereum’s structure and guiding its next direction.
