Greece’s parliament on Thursday approved a 10% capital gains tax on cryptocurrency investments, giving the country its first dedicated legal framework for digital assets. The levy takes effect Jan. 1, 2027, and exempts the first €500 (approximately $560) in annual gains.

The vote caps a months-long process that began with a higher rate proposal. Officials floated a 15% tax in June before the Finance Ministry’s consultation draft settled on 10% while preserving the €500 threshold. The consultation closed Oct. 22, with the ministry’s timetable pointing to a parliamentary vote in the first week of November.

How the tax works

The charge applies to net capital gains, calculated as the gap between acquisition and transfer prices after…