TREE NEWS update: Greece is preparing legislation to impose a 10% tax on cryptocurrency capital gains, with the draft bill now in public consultation and expected to reach parliament in November. Individuals would be exempt on the first €500 (about $559.95) of annual crypto gains. Officials said the size of Greece’s crypto market is hard to estimate because most investors use offshore platforms, and no revenue forecast has been made.
Greece Proposes 10% Tax on Crypto Capital Gains, €500 Annual Exemption
The low headline rate and small annual exemption suggest Greece is treating crypto more as a formalization exercise than a revenue grab, which matters for a market officials themselves admit is largely invisible because activity sits offshore. The open question is whether a light-touch regime actually pulls investors onto domestic platforms or simply codifies a status quo in which reporting remains voluntary in practice. Watch the parliamentary calendar and whether any accompanying reporting or platform rules emerge, since a tax with no visibility into the base is a very different policy instrument.
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