Greece Plans to Introduce a Cryptocurrency Tax Framework – Here is When

The Greek government is gearing up to introduce a tax framework for cryptocurrencies and digital assets, which are currently not formally recognized.

According to reports from Ekathimerini on July 15, a special committee will present its recommendations on cryptocurrencies and digital assets to the Ministry of National Economy and Finance by September.

The proposal aims to integrate cryptocurrencies into the tax system by January 2025, subjecting profits from crypto and digital asset trades to a 15% capital gains tax, similar to securities sales.

The committee’s report will cover three main areas: defining and registering all cryptocurrencies, outlining the taxation method, and establishing monitoring mechanisms.

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Ekathimerini notes that due to the absence of specific legislation in Greece, profits from crypto transactions have been exploited, with few investors declaring their gains. The beneficiaries are primarily individuals with substantial real estate holdings or no income, alongside unemployed individuals. Tax professionals in Greece have observed increased crypto activity, particularly among those aged around 30.

Related developments include Athens witnessing a rise in crypto-related events and meetups, indicative of growing local interest in decentralized finance and crypto initiatives.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.