Greece Toughens Crypto Rules with 24% VAT, EU Alignment

• Greece adopts stricter cryptocurrency regulations, aligning with EU MiCA standards.
• New policies include licensing processes, anti-money laundering measures, and proposed tax frameworks.

On August 26, 2025, Greece rolled out tighter crypto regulations to align with the European Union’s Markets in Crypto-Assets (MiCA) framework, aiming to curb financial crime and implement ambitious tax policies. The Hellenic Capital Market Commission (HCMC) introduced these measures to bolster oversight, streamline compliance, and establish transparent taxation for digital assets.

Under the new rules, cryptocurrency exchanges and digital wallet providers operating in Greece must complete a rigorous licensing process. Applicants are required to submit a detailed dossier that includes a business plan and information on shareholders and management. According to the HCMC, the approval process may take up to 40 working days. International platforms like Binance will need to comply with this framework to maintain operations in Greece.

These updated regulations align Greece’s national policies with the EU’s MiCA guidelines, creating uniform rules for digital finance across member states. Certified entities will receive an EU-recognized certification aimed at fostering user confidence and improving market transparency.

The framework also includes enhanced anti-money laundering measures. Crypto transactions will now be monitored by the Hellenic Anti-Money Laundering Authority and the Independent Public Revenue Authority (IAPR), which are authorized to freeze digital assets in cases of suspected illegal activity. These steps are designed to combat both money laundering and tax evasion tied to cryptocurrencies.

Additionally, the Greek government is working toward implementing new taxation policies for the crypto sector. A proposed 24% Value-Added Tax (VAT) could apply to specific cryptocurrency-related services, while a capital gains tax starting at 15% is being considered for profits from digital assets. Corporate investors may face higher tax rates. Citizens might also be required to declare cryptocurrency holdings in their annual tax filings. Prime Minister Kyriakos Mitsotakis is expected to finalize these tax policies and provide details at the Thessaloniki International Fair in September.

These regulatory changes stem from the Prime Minister’s January pledge to address the “ambiguous and unregulated” cryptocurrency landscape. The latest measures position Greece among EU nations prioritizing comprehensive oversight in the digital asset industry.