Key Insights:s
- Crypto regulation news: Greece proposes a 10% rate, exempting annual gains up to €500.
- Annual cryptocurrency gains up to €500 would remain exempt.
- Parliament is expected to review the draft in November.
Greece has proposed a 10% tax on individual cryptocurrency capital gains as it moves to establish a dedicated tax framework for digital assets. The draft would leave annual gains of up to €500 untaxed and is currently undergoing public consultation.
The proposal represents a reduction from the 15% rate discussed earlier this year. However, the Greek crypto tax remains draft legislation and could still be amended before lawmakers approve it.
Crypto Regulation News: Greece Weighs 10% Tax and €500 Exemption
Crypto regulation news will also depend on how lawmakers define taxable events and investor reporting. The draft sets a 10% tax on cryptocurrency capital gains, exempting annual gains up to €500, according to Reuters. The same €500 allowance featured in the earlier 15% plan. The report gives no reason for the proposed rate change.
It remains unclear how losses offset gains, how assets are valued, or which transfers count as taxable disposals. A final rule must also explain the €500 calculation, treatment of older holdings, and records investors must keep. The consultation gives officials a chance to address those issues before lawmakers review the bill. That could leave taxpayers needing exchange records to calculate annual gains accurately across several platforms.
This remains a proposal, not an enacted tax. The November parliamentary review could change the rate, exemption, or scope. For now, investors should not treat the draft as final law. For crypto tax purposes, Greece has not yet detailed the reporting steps. Crypto regulation news will turn on whether lawmakers preserve the allowance and define taxable disposals.
DAC8 Adds Data Reporting as Tax Rates Remain National
That uncertainty comes as EU crypto reporting rules enter their first year. DAC8 took effect on Jan. 1, 2026. It requires covered crypto service providers to collect and report transaction information on EU residents. Tax authorities are set to exchange first-year data by September 2027. The EU rules cover domestic and cross-border activity through reporting providers.
DAC8 does not set a shared capital gains rate; member states keep control over their tax rules. Reuters says that crypto capital gains rates across Europe range from 8% to 30%. Crypto regulation news also reflects a wider reporting network, even as tax rates remain national.
Crypto Regulation Spans Different European Reporting Rules
France’s Council of State rejected an emergency request in September to suspend its DAC8 decree. The ruling addressed only the urgency and left the merits of the main challenge undecided.
Spain clarified that self-custody holdings are outside the scope of Form 721 when taxpayers retain their private keys. However, regulated providers can still report transactions involving those wallets under DAC8.
UK figures offer another measure of declared activity. HM Revenue and Customs said 17,600 taxpayers reported £1.38 billion in taxable crypto gains during 2024–25. Of them, 240 investors reported more than £1 million each, together accounting for £717 million. British authorities expect to receive crypto customer data under international rules in 2027.
Greece’s crypto regulation will be tested by whether the final law clarifies reporting for users of local and foreign services. Greek officials say the market is hard to measure because most investors use platforms abroad. The government has not published an estimate of the proposal’s revenue.
This article is for informational purposes only and does not constitute financial, tax, investment, or legal advice. Proposed tax rates, exemptions, and reporting requirements may change before legislation is enacted.
