Greece is set to introduce a 15% capital gains tax on cryptocurrency profits, as part of its efforts to regulate the digital asset market.
The proposed bill would bring Greece in line with many other European countries, which have implemented varying rates of taxation on crypto-related income. Cyprus, for example, charges 8%, while France applies rates as high as 30%.
The tax regime is part of a broader effort by Athens to align its regulatory framework with the EU's Markets in Crypto-Assets (MiCA) regulation. The Hellenic Capital Market Commission has already overhauled its licensing regime for exchanges and wallet providers, requiring platforms to undergo a formal licensing process that can take up to 40 working days.
The introduction of this tax is significant because it adds another layer of oversight to an environment that Athens is building to attract crypto business. Binance, the world's largest crypto exchange by volume, has chosen Greece as its EU base earlier this year, citing the country's talent pool and security environment.