Greek parliament approves 10% tax on cryptocurrency gains

Greece’s parliament passed legislation on Thursday introducing a 10% levy on gains from cryptocurrency investments, Business Recorder reported. Annual crypto gains of up to €500 ($563) are excluded from the tax, according to the bill.

A finance ministry official said additional instructions covering disclosure and audit requirements are expected in the coming weeks. The official said authorities could not estimate the tax take because many investors trade through platforms based abroad, leaving the domestic market’s scale unclear.

The move creates Greece’s first broad framework for taxing crypto assets, while European Union members still have no common system for the sector. Rates across European countries range from 8% to 30%, generally applying to capital gains.