Greece is preparing to tax cryptocurrency capital gains at 10% under a draft bill released for public consultation, marking a proposed framework for a market that currently has no comprehensive crypto-specific tax regime. The bill would exempt annual crypto gains of up to €500 and is expected to reach parliament in November.
According to Decrypt, which cited Reuters’ reporting, the proposed rate is below the 15% figure Greek government officials had indicated in June. At that time, officials said the higher rate was being planned, although the draft now under consultation sets out a 10% levy instead.
What Greece’s proposal would change
The measure is focused on gains from cryptocurrency holdings. A taxpayer earning no more than €500 in crypto gains during a year would be exempt under the draft. The source material does not specify further details about how gains would be calculated or how the proposed exemption would be administered.
Greece currently lacks a comprehensive legal framework for taxing crypto, according to the Reuters report. The bill’s submission to parliament in November would be the next formal step after the public consultation. Parliamentary approval would still be required before the proposal could become law.
Greek officials have said it is difficult to estimate the size of the country’s cryptocurrency market because many investors use trading platforms based outside Greece. The government has not yet provided a specific estimate of how much revenue the tax could generate.
Earlier comments from officials also addressed crypto mining. One official said in June that mining carried out by individuals would not be taxed, while mining conducted by registered companies would be subject to taxation. The source material does not say whether that position has changed in the new draft.
How the proposal compares in Europe
Cryptocurrency tax rules differ significantly across the European Union, which does not have a single system for taxing crypto gains. Cyprus introduced an 8% flat tax on crypto gains for individuals and companies from January 1, while Ireland applies a 33% rate, according to a law firm analysis cited in the source material.
Italy increased its rate to 33% from 26% at the start of this year. Spain treats crypto gains as savings income and applies progressive rates of up to 28%. Germany exempts gains on crypto assets held for more than one year, while the Netherlands taxes a presumed return on assets rather than realized gains.
EU-wide reporting rules are also becoming more relevant. Since January 1, DAC8 has required crypto service providers to collect transaction data on EU-resident users. Tax authorities then exchange that information with the user’s country of residence. The current year is the first reporting period under the rules.
Current crypto market picture
Moneyiar market data at 21:49 on October 8, 2026, showed Cronos (CRO) at $0.0603619174, down 4.31% over 24 hours and 11.55% over seven days. Cap (CAP) was $0.0738559787, up 1.83% in 24 hours but down 4.28% over seven days.
The same Moneyiar data showed WOULD at $0.0351412837, up 0.33% over 24 hours and 10.60% over seven days, based on data recorded at 21:04 on September 22, 2026. Billions Network (BILL) stood at $0.0139971939, down 0.59% over 24 hours and up 10.04% over seven days, based on data recorded at 01:39 on September 21, 2026.
