Greece is moving ahead with plans to tax cryptocurrency profits at 10%, Reuters reported Thursday, citing a draft law that has been released for public consultation.
The proposed rules would exempt annual crypto gains of up to 500 euros ($560) from the capital gains tax. The legislation is scheduled to go before parliament in November.
The size of Greece’s crypto market remains difficult to determine because many local investors use cryptocurrency platforms based outside the country, according to Reuters. Greek authorities have not yet estimated how much tax revenue the measure could generate.
The proposed 10% rate would be relatively modest compared with capital gains taxes planned or imposed elsewhere in the European Union. Germany, France and Italy are setting or considering rates above 25%.
European governments are increasingly aligning crypto taxation with rules for traditional investments such as stocks. The shift comes as digital assets become a more established part of mainstream investment portfolios.
