Greece approves 10% tax on crypto gains and 15% levy on DeFi income

The Greek government has taken a significant step in regulating the digital asset market by approving new tax rates for cryptocurrency transactions. Under the new legislation, capital gains derived from cryptocurrencies will be subject to a 10% tax rate.

• Implemented a 10% tax on cryptocurrency capital gains
• Established a 15% levy on income generated from decentralized finance (DeFi)
• New rules aim to bring regulatory clarity and structure to the crypto sector

Regulating DeFi and Crypto Assets in Greece The introduction of specific rates for the decentralized finance (DeFi) sector highlights regulators' focus on emerging financial instruments. The 15% tax on DeFi income reflects authorities' efforts to cover all expanding segments of the digital economy. ## What This Means for Investors and the Market For crypto investors and market participants in Greece, these changes signify greater legal certainty alongside additional tax obligations. Clear tax regulations can potentially attract institutional players by ensuring operational transparency for digital assets within the country.