Greece is finally going to take action against crypto earnings, with a 15% tax rate plus a €500 tax-free allowance; individual mining has so far escaped unscathed.

According to Crypto World Network, Reuters reports that the Greek Ministry of Finance plans to introduce legislation to impose a 15% capital gains tax on cryptocurrency profits, with the first 500 euros of gains exempt from tax. Individual mining is not taxed, but corporate mining firms are required to pay taxes. Currently, Greece does not have a complete cryptocurrency tax framework, and tax rates vary widely across EU countries, ranging from 8% in Cyprus to 30% in France. Officials said that, because most Greek investors use offshore platforms, it is difficult to estimate the size of the crypto market, and there are no specific forecasts for tax revenue at this time.