Local sources in Greece claim the country’s government plans to introduce taxes on digital assets despite not recognizing them.
Reports suggest that Greece could implement a new framework for crypto taxing as early as 2025.
Greek Government Plans Crypto Tax Framework by 2025
Local sources claim that the Greek government appointed a special committee, tasking them to investigate crypto and digital assets. The committee will reportedly present its findings to the Ministry of National Economy and Finance by September 2024.
Interestingly, the committee’s findings will shape crypto-related policies in Greece. It would help establish how cryptocurrencies should be taxed as well as a monitoring procedure for the industry.
Source: X
Reports claim that investors are exploiting Greece’s lack of clear policies. It notes that few investors report their profits from crypto trades. So, the forthcoming crypto tax will subject crypto-related profits to a 15% capital gains tax.
The move to tax crypto trades aligns with an observed increase in crypto-related activities in Greece. Tax experts observed a significant increase in crypto activities in the country, particularly among those around the age of 30.
Crypto Growth in Greece
In April, the Greek stock exchange teamed up with the Sui blockchain. They created a new way to raise money using the Sui system. While crypto services are unregulated in Greece, that is set to change with the new European Union crypto rules, also known as MiCA.
Source: X
There’s been an increase in the number of crypto-related events and meetups in Athens, for example. In December, an event called ATHDAOx was held for the second year, recording four times more people than the first year.
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