Greece is preparing to tax cryptocurrency gains for the first time, with a draft bill that would impose a 10% capital gains tax on individual crypto profits. The Ministry of National Economy and Finance published the proposal for public consultation this week, and it is expected to reach parliament in November, according to CoinDesk’s report on the draft bill. Annual gains of up to 500 euros (about $560) would be exempt, giving Greece one of the lower crypto tax rates in the European Union.

The measure would close a gap that has left Greece without a comprehensive framework for taxing crypto, even as local interest in digital assets has grown and other EU members have moved to formalize their own rules.

What the Draft Bill Proposes

The…