Greece is preparing legislation to levy a 10% capital gains tax on cryptocurrencies, according to a draft bill published Thursday for public comment. The bill is scheduled to be submitted to the Greek Parliament in November, and cryptocurrency capital gains of up to 500 euros per year will be exempted from this new tax. Greek officials said it is difficult to estimate the size of the Greek cryptocurrency market because the vast majority of investors use offshore platforms. Currently, there is no specific forecast data on the national revenue brought about by this new tax.

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