Greece's government has unveiled plans to tax capital gains on Bitcoin and other cryptocurrencies at a flat 10%, according to a draft bill now under public consultation reported by WhaleInsider. The proposal exempts annual gains up to €500, giving small retail holders relief while capturing larger profits.

The measure, if enacted, would establish Greece's first comprehensive taxation regime for digital assets. Until now, Greek taxpayers have operated without a dedicated crypto-tax framework, creating ambiguity around how gains from token sales should be reported and assessed.

What does the draft bill change?

The bill introduces three structural elements:

• A 10% capital-gains rate applied to crypto disposals
• An annual tax-free allowance of €500 in realized gains
• A formal definition of digital assets within Greek tax law, subject to the final consultation text

The public consultation phase allows stakeholders to submit comments before the bill proceeds to parliament. Amendments to rates or thresholds remain possible during this window.

How does the plan fit the European picture?

Greece's 10% proposal aligns with a broader European trend toward explicit crypto taxation, though capital-gains rates across the continent vary widely by jurisdiction. Several EU states have already moved from ad-hoc treatment to defined regimes, and Greece's draft follows that pattern: formalizing reporting obligations rather than leaving digital-asset gains in a legal gray zone.

For Greek exchanges and custody providers, a codified tax framework could simplify compliance and reduce uncertainty in customer onboarding and reporting. For investors, the €500 exemption sets a clear de minimis threshold that removes small-scale activity from the tax net entirely.

The proposal arrives as European markets absorb the effects of the EU's Markets in Crypto-Assets regulation (MiCA), which has standardized licensing for issuers and service providers across the bloc. Tax policy, however, remains a national competence, and Greece's move signals how member states are now filling in the fiscal layer that MiCA does not cover.

What happens next?

The draft bill must clear public consultation and parliamentary approval before becoming law. Traders and compliance teams should watch for amendments during the consultation phase — particularly to the €500 exemption level and the effective date, which will determine when the 10% rate first applies to realized gains. Passage would give Greece an enforcement-ready framework and add another data point for how mid-sized EU economies are taxing digital assets heading into 2027.