---
title: "Greece Crypto Regulation Monitor | cryptoassets.gi"
canonical: https://cryptoassets.gi/jurisdictions/greece/
source_html: /jurisdictions/greece/index.html
description: "Greece crypto asset regulation: 9 categories, 52 sourced findings, updated 2026-11-04. Licensing, token classification, stablecoins, tax treatment."
generated_at: 2026-11-07T14:19:44Z
content_sha256: b66b69dcc71925642a019b2851601d390e81856e9717ca33a2cb5d709c5e7d27
generator: "fe-fleet/md-twin@1.0"
---
# Greece Crypto & Digital Asset Regulation

schema crypto-v2.0.0
trajectory: not yet assessed regulated overlaps: [Sentinel (AML/CFT)](https://sentinel.gi/jurisdictions/greece/), [World Payments](https://payments.gi/jurisdictions/greece/)

Last updated 2026-11-04 · 9 categories · 52 sourced
findings · 92 sources in the cumulative register

Download report (PDF) Expand all

Evidence re-verified: 2026-11-04 · Position last changed: 2026-11-04 · Record history & provenance ▾ Methodology & record provenance: Module confidence is derived from the underlying claims (source tier and primary excerpt retention), while statutory legal force is tracked independently.

Review status: AI-synthesised · Tier-1/2 verified · As-of date: 2026-10-26

[Open in Co-Pilot ↗](/reports/?type=copilot&j=GREECE)[Build Report](/reports/?j=GREECE)[Compare](/compare/?j=GREECE)

Framework posture Regulated 8 of 9 modules populated · AI-synthesised · Tier-1/2 verified

Lead supervisory authority European Securities and Markets Authority (ESMA) Primary statutory & supervisory perimeter

Next milestone (> 2026-10-26) 2026-11-07 Greece crypto tax bill expected parliamentary vote

Module coverage & confidence 8 / 9 modules assessed 0 Confirmed · 8 Probable · 0 Uncertain · 1 Not yet assessed

9 Categories

0 Moved this cycle 0 Key judgments 2 Open gaps 52 Findings

17 Tier-1 sources

Confidence mix 9 unpopulated
(sums to 9 rendered categories; click to filter)

No categories moved this cycle.

Law made at European Economic Area (Bloc) level that applies in Greece is covered once, on the [European Economic Area (Bloc)](/jurisdictions/european-economic-area-bloc/) page. This page covers Greece’s own layer: implementation, national authorities, national options and local enforcement.

## Jurisdiction lead brief

###### Latest update · 4 November 2026

#### Lead Signal

Greece's tax treatment of crypto-asset gains has moved from standing policy intention into an active legislative process. A bill inserting a crypto capital-gains tax chapter into a wider omnibus finance bill was tabled in the Hellenic Parliament on 26 October 2026, and the Economic Affairs Committee opened its first-stage review on 29 October 2026. The Finance Ministry has stated an aim to bring the bill to a vote in the first week of November 2026, which would convert a long-signalled policy commitment into enacted law within a matter of days of this writing. As drafted, the bill sets a 10% tax on individuals' net gains from crypto-asset transfers, carves out the first EUR 500 of annual net gains from taxation, treats crypto-to-crypto swaps as not giving rise to a taxable event, and permits realised losses to be carried forward for up to five tax years. This places Greece's proposed headline rate below levels floated earlier in the policy debate, and gives individual holders two meaningful reliefs — the annual allowance and the swap exclusion — that materially narrow the base against which the rate would bite. The same bill extends a 10% rate to income from staking, lending and liquidity provision, treating such income as akin to interest and taxing it on realisation or sale rather than on accrual. Until the bill is enacted, Greek law continues to lack a crypto-specific capital-gains regime, leaving current gains to be assessed, where at all, under general tax rules rather than a dedicated framework — a gap the pending bill is expressly designed to close.

#### Other Developments

Separately from the pending capital-gains bill, Greece has already transposed the EU's DAC8 reporting framework, aligned with the OECD's Crypto-Asset Reporting Framework, into national law as of May 2026. That transposition obliges crypto-asset service providers operating in Greece to collect and report user and transaction data starting with the 2026 reporting year, with the first cross-border exchange of that data due by 30 September 2027. This reporting obligation is procedurally distinct from the capital-gains bill now before parliament, but the two are substantively linked: the data CASPs must now collect under the reporting framework is the same data that would, once the capital-gains bill is enacted, underpin enforcement of the new tax on individual holders' realised gains. Taken together, the reporting infrastructure is already live while the substantive tax liability it will ultimately support remains one committee vote away from law.

#### Cross-Monitor Connections

No overlap signal is carried on the claims behind the tax development.

#### Outlook

The near-term marker to watch is procedural: whether the Economic Affairs Committee completes its review and the full chamber votes within the Ministry's stated first-week-of-November target, or whether the bill slips past that window as committee stage bills sometimes do. The rate, the EUR 500 allowance, the crypto-to-crypto exclusion and the five-year loss carry-forward are all still bill text rather than settled law, and any of these parameters could move before a final vote. Once enacted, the practical compliance question for holders and service providers will be how the new capital-gains and staking-income provisions interact with the data already being collected under the DAC8/CARF reporting obligation now in force, since that reporting channel gives the tax authority visibility into exactly the transactions the pending bill would newly tax.

4 earlier updates not shown here.

###### Standing brief · as of 25 August 2026

Written before the update above. Where they differ, the update is the more recent position.

#### Lead Signal

Greece's Markets in Crypto-Assets Regulation (MiCAR) implementation is fully in force, but this cycle's Challenger-verified corrections change the understood compliance timeline in a material way. Greece notified ESMA that it applied a shortened 12-month Article 143(3) transitional (grandfathering) period running from 30 December 2024, meaning the actual national deadline for previously-registered crypto firms to obtain full MiCA authorisation fell around 30 December 2025 -- not the EU-wide 18-month maximum of 1 July 2026 that some Member States, including Cyprus, Malta, Luxembourg and France, retained. Firms operating in Greece under the grandfathering clause have therefore needed full authorisation roughly six months earlier than the EU-wide backstop implied. Separately, Greek Law 5193/2025, which assigns MiCAR competences to the Hellenic Capital Market Commission (HCMC) and the Bank of Greece, was passed by the Hellenic Parliament on 10 April 2025 -- not on 1 January 2025 as originally understood. Neither correction changes the substance of Greece's dual-supervisor model, but both change the timeline against which compliance and enforcement exposure should be measured. Compounding this, Binance withdrew its MiCA licence application with the HCMC in June 2026, days before what several accounts describe as a deadline, reportedly amid concerns raised by Greek, Irish and Latvian regulators about the exchange's past legal issues and corporate structure. Taken together, these developments show a nominally settled regime (MiCAR plus Law 5193/2025, both in force) that is still working through real authorisation friction, and where several of the underlying competence-allocation claims currently rest on a single central-bank speech rather than a primary legislative or Gazette citation.

#### Other Developments

Token classification in Greece continues to follow the harmonised EU MiCAR taxonomy without material change this cycle: crypto-assets that qualify as financial instruments, deposits, funds, securitisation positions, insurance or pension products, or PEPPs remain excluded from MiCAR scope, and non-fungible tokens remain excluded under the uniqueness and non-fungibility tests in Recitals 10-11, though fractionalised or serially-issued 'NFT-like' items may fall back into scope under ESMA guidance. The on-chain activity picture is unchanged and thin: neither Law 5193/2025 nor MiCAR itself addresses pure crypto-asset mining or node-operation as a distinct licensing category, and EBA/ESMA's joint analysis of DeFi, lending, borrowing and staking business models under MiCAR Article 142 has not yet produced binding recommendations -- protocol-level activity sits as an unregulated gap inside an otherwise regulated CASP perimeter. The stablecoin regime is stable and fully in force: the Bank of Greece supervises and licenses credit institutions, e-money institutions and payment institutions issuing asset-referenced tokens (ARTs) and e-money tokens (EMTs), with MiCAR's systemic-risk provisions -- covering financial stability, payment systems, monetary policy transmission and monetary sovereignty -- applying to issuers under its supervision. Consumer protection obligations under MiCAR Title V, including Article 66 fair-and-clear-information requirements, custody-segregation rules for CASPs, and ESMA's Article 82(2) guidelines on transfer-service liability, remain in force, though supervisory practice is still maturing given the recently-closed transitional period and unresolved authorisation disputes. Tax treatment remains the weakest-covered domain: no primary Greek statute or confirmed AADE guidance addressing cryptocurrency capital gains or income characterisation could be located this cycle, and Greece's transposition status for DAC8's extension of automatic information exchange to crypto-asset transactions -- aligned with the OECD Crypto-Asset Reporting Framework -- remains unconfirmed.

#### Cross-Monitor Connections

Two overlap surfaces carry forward from this cycle. AML/CFT obligations for Greek CASPs -- including the Regulation (EU) 2023/1113 requirement that originator and beneficiary information accompany crypto-asset transfers and that intermediary CASPs transmit and retain that information for competent authorities -- sit on the financial-integrity monitor's subscribed aml_cft_regime surface rather than being independently re-analysed here; this monitor's role is limited to flagging the travel-rule nexus, not duplicating illicit-finance analysis. Separately, the stablecoin regime's payments-adjacent dimension -- Bank of Greece-supervised ART/EMT issuance and reserve requirements under MiCAR Titles III-IV -- and DAC8/CARF's cross-border tax-reporting harmonisation both carry implications relevant to the world-payments monitor's remit and are flagged accordingly.

#### Outlook

The near-term picture to watch is twofold. First, sourcing: several materiality-5, binding claims about the HCMC/Bank of Greece competence split rest solely on a single T2 central-bank speech rather than the primary text of Law 5193/2025 or an official Government Gazette citation, and this record remains held pending that confirmation. Second, cross-border friction: Binance's post-withdrawal status is unconfirmed, including whether it has since sought authorisation in another Member State and whether French or other regulators formalise resistance to passporting for CASPs licensed in jurisdictions they view as more permissive. If that resistance hardens into a formal supervisory position, it would test MiCAR's single-market passporting design in practice rather than in statute. On tax treatment, the absence of confirmed AADE guidance and unresolved Greek DAC8 transposition status leave a structural gap that primary-source research should close before this domain can be assessed with confidence above Uncertain.

Read full brief · 1375 words

Key regulatory facts for Greece Regulatory Dimension Greece Standing Position

Jurisdiction Greece (GR)

Regulatory Scope Crypto & Digital Asset Regulation (9 modules, 52 sourced findings)

Crypto Licensing Greece implements the EU Markets in Crypto-Assets Regulation (MiCAR) directly as an EU Regulation, with national implementing measures enacted via Law 5193/2025 on the Enhancement of the Capital Market, which assigns...

Token Classification Greece applies the MiCAR taxonomy directly: asset-referenced tokens (ARTs), e-money tokens (EMTs), and 'other' crypto-assets (utility tokens) are distinguished per Titles III, IV and II respectively.

On-Chain Activity Regime MiCAR does not create a bespoke licensing category for staking, DeFi lending, DEX operation, mining, node operation or standalone validation; these activities are regulated only insofar as they are performed as a...

Stablecoin Regime Stablecoin (ART/EMT) issuance in Greece is governed by MiCAR Titles III and IV, in force since 30 June 2024, with the Bank of Greece as the competent prudential authority for authorising and supervising credit...

Primary Instruments Cited Bank of Greece (via Bank for International Settlements Central Bankers' Speeches), European Securities and Markets Authority (ESMA), European Securities and Markets Authority (ESMA), CoinDesk, Greece / MiCA grandfathering regime

Last Confirmed / Updated 2026-11-04 (92 sources in cumulative register)

9 of 9 categories

Signal
Moved
Judgment
Gap

Density
Comfortable
Compact

Expand all sources
Reset all

Selections OR within a group, AND across groups. Press / to search.

### Greece: C1 Crypto LicensingAmberEnacted in forceModule confidence: Probable▾

Greece implements the EU Markets in Crypto-Assets Regulation (MiCAR) directly as an EU Regulation, with national implementing measures enacted via Law 5193/2025 on the Enhancement of the Capital Market, which assigns MiCAR competences to the Hellenic Capital Market Commission (HCMC) and the Bank of Greece. HCMC is the notified National Competent Authority for MiCAR Titles II and VI (white papers/offers and market abuse), while the Bank of Greece is the prudential supervisor and licensing authority for credit institutions, e-money institutions and payment institutions seeking to issue ARTs/EMTs or operate as CASPs. The pre-MiCA transitional (grandfathering) regime under Article 143(3) MiCA ended 1 July 2026, and Greece's most prominent applicant (Binance) withdrew its HCMC licence application shortly before that deadline amid reported regulatory concerns, illustrating live implementation friction.

Horizon · 2026-07-01 (± a quarter) MiCA EU-wide transitional-registration period close In force · Tier 4 source

Horizon · 2026-07-01 (± a quarter) MiCA EU-wide transitional-registration period close In force · Tier 4 source

#### Crypto Licensing

Greece's crypto licensing regime is legally in force through MiCAR as implemented nationally by Law 5193/2025, but this cycle surfaces two Challenger-verified factual corrections that change the understood timeline materially. The Hellenic Capital Market Commission (HCMC) is Greece's National Competent Authority notified to ESMA for MiCAR Titles II and VI, covering crypto-asset white papers, public offers and market abuse -- a Confirmed, T1-sourced fact unaffected by this cycle's corrections. The Bank of Greece is separately entrusted with prudential supervision and licensing of credit institutions, e-money institutions and payment institutions that issue e-money tokens (EMTs) or asset-referenced tokens (ARTs), or that operate as crypto-asset service providers (CASPs), with power to impose administrative measures or penalties for breaches. That competence-allocation claim, along with the claim that Law 5193/2025 itself establishes these national implementing measures, rests solely on a single T2 Bank of Greece speech reported via BIS rather than the primary statutory text or a Government Gazette citation, and both have been downgraded from Confirmed to Probable pending stronger sourcing. The effective date of Law 5193/2025 has also been corrected: the law was passed by the Hellenic Parliament on 10 April 2025, not on 1 January 2025 as originally asserted. Separately, Greece's Article 143(3) grandfathering (transitional) period ran on a shortened 12-month national timeline from 30 December 2024, giving previously-registered entities a national deadline of roughly 30 December 2025 -- materially earlier than the EU-wide 18-month/1 July 2026 maximum some other Member States retained. Against this backdrop, Binance withdrew its MiCA licence application with the HCMC in June 2026, days before a reported deadline, amid concerns said to have been raised by Greek, Irish and Latvian regulators about the exchange's past legal issues and corporate structure -- a non-normative but material signal that Greek authorisation practice, though legally settled, remains operationally unsettled.

#### Outlook

The principal open item is sourcing quality: upgrading the HCMC/Bank of Greece competence-allocation claims from Probable to Confirmed requires a direct citation to Law 5193/2025's primary text or an official Gazette reference, which this cycle's research did not locate. The Binance withdrawal's aftermath -- whether Binance pursues authorisation elsewhere in the EU, and whether that raises further passporting questions for Greek/EU markets -- is also unresolved and flagged for follow-up research.

Read full sub-brief · 374 words Periodic update · new data 2026-10-25

#### Crypto Licensing

Greece's national transition to the Markets in Crypto-Assets Regulation framework reached its first concrete outcome on 24 September 2026, when the Hellenic Capital Market Commission registered the country's first four CASP authorisations: BCash Societe Anonyme, Xenios Blockchain Group, Capital Wallet Greece, and Piraeus Bank. This followed the expiry, on 31 December 2025, of Greece's national grandfathering period under Law 4557/2018, which ran twelve months rather than the eighteen-month maximum the EU regulation permits, meaning all crypto-asset service providers operating in Greece were required to hold full MiCA authorisation from that date. The gap between the grandfathering deadline and the first authorisations being granted left the Commission's licensed CASP population at zero for roughly nine months, a slower start than most EU peer jurisdictions achieved.

The authorisation procedure itself runs on statutory clocks set out in HCMC Decision 8/1059 of 30 July 2025: an acknowledgement of receipt within five business days of application, a completeness assessment within twenty-five business days, and a final decision within forty business days of a complete file. The primary text of that Decision and of Law 5193/2025, which implements MiCA domestically, have not been directly retrieved; the procedural detail above rests on law-firm and news secondary commentary rather than the Commission's own published decision text.

The most closely watched element of this cohort is not who was authorised but who was not. Binance's application, filed in January 2026, was withdrawn on 24 June 2026 before the Commission issued a formal decision. The Commission has publicly disputed a Wall Street Journal report alleging that the European Central Bank intervened in that outcome, but the underlying circumstances of the withdrawal remain unresolved in the public record.

#### Outlook

The period ahead will show whether additional CASP applicants move through the Commission's statutory timetable now that a first cohort has cleared authorisation, and whether the Commission or any other party provides further clarification on the circumstances surrounding Binance's withdrawn application.

4 earlier distinct update(s) Periodic update · new data 2026-10-18

#### Crypto Licensing

Greece's national transitional regime for crypto-asset service providers set a twelve-month grandfathering window running to 31 December 2025, a shorter period than the eighteen months MiCA's Article 143(3) permits member states to allow. This domestic choice meant Greek-based crypto firms faced an earlier deadline to secure full MiCA authorisation than firms in jurisdictions that used the full transitional allowance, ahead of the EU-wide transitional window closing on 1 July 2026.

The practical effect of that compressed timeline became visible this period: the first MiCA crypto-asset service provider authorisations in Greece were issued on 22 July 2026, and by 29 September 2026 four Greek-linked entities, BCash, Xenios Blockchain Group, Capital Wallet Greece and Piraeus Bank, had appeared on the ESMA MiCA register. The Hellenic Capital Market Commission is the competent authority for the CASP authorisations generally, while Piraeus Bank's entry sits under the Bank of Greece, reflecting a split in supervisory responsibility between the two bodies for banking-linked and payment-token-adjacent activity versus standalone crypto-asset services.

Underpinning this perimeter, Law 5193/2025 Part C implements the penalty regime required by MiCA Article 111 at the national level, applying criminal and administrative penalties to unlicensed crypto-asset service activity. The exact fine schedule, including the administrative maxima, has not been located in the available evidence and remains an open item. Taken together, Greece's licensing perimeter moved within a single year from a dormant, pre-authorisation transitional state to one with live authorisations, a functioning national competent-authority split, and an enforceable, if not yet fully quantified, penalty backstop for unlicensed activity.

#### Outlook

The principal item to watch is confirmation of the exact administrative and criminal fine maxima under Law 5193/2025 Part C, which has not yet been located. Continued additions to the ESMA MiCA register of further Greek-linked or Greek-authorised entities would be the next visible indicator of the licensing perimeter's maturation.

Periodic update · new data 2026-10-11

#### Crypto Licensing

Greece's domestic CASP licensing regime under MiCA, as implemented via Law 5193/2025, moved from a dormant to an active state this cycle. The transitional period for prior national VASP registrations closed, reported as 1 July 2026 by the primary source reviewed, though a conflicting secondary source instead states 30 December 2025; this discrepancy has not been resolved against the underlying statute and is carried as disputed. In the period following, the Hellenic Capital Market Commission authorised Capital Wallet, BCASH and Xenios Blockchain Group as CASPs between 30 June and 7 August 2026, and the Bank of Greece authorised Piraeus Bank; all four appeared on ESMA's MiCA register together on 24 September 2026. Binance withdrew its own Greek CASP application on 24 June 2026, ahead of any formal HCMC decision, with a disputed and uncorroborated allegation of ECB involvement attached to that withdrawal in one source.

#### Outlook

The clearest open item is resolving the conflicting transitional-deadline dates against the primary text of Law 5193/2025. Beyond that, whether further domestic CASP authorisations follow this initial wave, and whether Binance pursues a renewed application, are the two developments most likely to move this module's status next.

Periodic update · new data 2026-10-05

#### Crypto Licensing

Greece's crypto-licensing regime is now live in a domestic sense, not merely a passported one. The Hellenic Capital Market Commission administers authorisation under Markets in Crypto-Assets Regulation Article 59, implemented nationally through Law 5193/2025, enacted 11 April 2025. The national transitional registration period that had permitted pre-existing virtual-asset service providers to continue operating without a full Markets in Crypto-Assets Regulation authorisation closed 1 July 2026; from that date, unauthorised providers lacking either a domestic authorisation or a valid passported licence from another member state are required to have wound down activity targeting the Greek market. This is a binding, in-force requirement rather than a prospective one.

Between 30 June and 7 August 2026, the Hellenic Capital Market Commission authorised three crypto-asset service providers: BCash, Xenios Blockchain Group, and Capital Wallet Greece. These, together with Piraeus Bank's separate 7 August 2026 authorisation from the Bank of Greece as an asset-referenced and e-money token issuer, appeared on the European Securities and Markets Authority's Markets in Crypto-Assets Regulation register on 24 September 2026. This closed a gap of roughly fifteen months during which Greece had no domestically authorised crypto-asset service provider, notwithstanding the regulation's bloc-wide force. During that interval, foreign firms holding passported licences from other member states served Greek customers, illustrating in practice how the Markets in Crypto-Assets Regulation's passporting mechanism substitutes for domestic authorisation capacity when the latter lags.

A notable adjacent development is Binance's withdrawal of its own Greek application on 24 June 2026, six days before the first domestic approval. An allegation that the European Central Bank was involved in prompting that withdrawal has been reported but not independently verified this cycle; the finding is accordingly held at uncertain confidence, and the withdrawal itself is recorded as a fact distinct from the unverified explanation offered for it.

The traffic-light assessment for this module is amber rather than green, reflecting that while the core authorisation regime is confirmed live and active, the specific transposition detail of Markets in Crypto-Assets Regulation Article 111's enforcement-penalty provisions into Greek domestic law has not been independently located this cycle. This is a sourcing gap rather than a substantive finding of absence, and it should be read as such.

#### Outlook

The principal open question is whether the initial cohort of four domestic authorisations will be followed by a steady pipeline of further approvals, which would confirm that Greece's authorisation backlog has been structurally cleared rather than addressed only in a narrow first tranche. Corroboration or retraction of the Binance ECB-involvement allegation would also clarify how that specific episode should be read. Greece's domestic Article 111 enforcement-penalty framework remains a standing research gap for subsequent cycles.

Periodic update · new data 2026-09-22

#### Crypto Licensing

The Hellenic Capital Market Commission requires Crypto-Asset Service Provider authorisation under the EU's Markets in Crypto-Assets Regulation, as implemented via Law 5193/2025, for the provision of crypto-asset services in Greece. This is a directly applicable EU regulatory requirement with an operating national authorisation procedure. The EU-wide MiCA transitional period, under which prior national virtual-asset-service-provider registrations could substitute for full MiCA authorisation, closed on 1 July 2026; Greek Hellenic-Capital-Market-Commission-registered virtual-asset-service-providers were required to submit full applications by 30 December 2025 to preserve grandfathering.

On 22 July 2026, the Hellenic Capital Market Commission granted Greece's first two Crypto-Asset Service Provider authorisations, to Capital Wallet Greece and Xenios Blockchain Group, under the Commission's Decision 8/1059 authorisation procedure of 30 July 2025 — the first live grants under the national authorisation track and confirmation that the procedure is now fully operative rather than merely established in principle.

Separately, Binance has stated that it was denied a Greek MiCA authorisation ahead of the 1 July 2026 transitional-period close, notwithstanding reports that its application was found compliant on technical review. This finding rests solely on Binance's own public statement as relayed by secondary press; the Hellenic Capital Market Commission has not independently confirmed the denial, and it is accordingly treated as a lower-confidence, unconfirmed episode rather than an established fact about Commission gatekeeping practice.

#### Outlook

Direct Hellenic Capital Market Commission confirmation or denial of the Binance authorisation outcome is the key data point to watch next cycle. The pace and pattern of further Crypto-Asset Service Provider authorisations will indicate how quickly the post-transitional Greek MiCA regime is being operationalised.

Sources and findings (16)
- T1[Bank of Greece (via Bank for International Settlements Central Bankers' Speeches)](https://www.bis.org/review/r251031h.htm) — Greece's 2025 Law 5193/2025 on the Enhancement of the Capital Market establishes the national measures implementing MiCAR, assigning respective competences and powers to the Hellenic Capital Market Commission and the Bank of Greece.
- T1[European Securities and Markets Authority (ESMA)](https://www.esma.europa.eu/sites/default/files/2024-12/List_of_Competent_Authorities_notified_to_ESMA_under_MiCA.pdf) — HCMC is the Greek National Competent Authority notified to ESMA for MiCAR Titles II and VI, covering crypto-asset white papers/public offers and market abuse provisions.
- T1[Bank of Greece (via Bank for International Settlements Central Bankers' Speeches)](https://www.bis.org/review/r251031h.htm) — The Bank of Greece is entrusted with prudential supervision and licensing of credit institutions, electronic money institutions and payment institutions that plan to issue e-money tokens (EMTs) and/or asset-referenced tokens (ARTs) or to operate as crypto-asset service providers (CASPs), and is empowered to impose administrative measures or penalties for breaches.
- T1[European Securities and Markets Authority (ESMA)](https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica) — Entities providing crypto-asset services under applicable Greek/national law before 30 December 2024 could continue operating under MiCA's Article 143(3) grandfathering clause until 1 July 2026 or until granted/refused MiCA authorisation, whichever occurred sooner.
- T3[CoinDesk](https://www.coindesk.com/policy/2026/06/24/binance-withdraws-greek-mica-bid-but-vows-to-remain-in-europe) — Binance withdrew its MiCA licence application with the Hellenic Capital Market Commission days before the 1 July 2026 deadline after Greek, Irish and Latvian regulators reportedly raised concerns about the exchange's past legal issues and corporate structure.
- T3[Greece / MiCA grandfathering regime](https://fintechsimple.com/crypto-license/greece/) — Greece's national MiCA grandfathering period for VASPs under Law 4557/2018 was 12 months (not the EU's 18-month maximum) and expired 31 December 2025
- T3[HCMC Decision 8/1059/30.07.2025](https://tsamichaslaw.gr/mica-licensing-greece-what-crypto-businesses-need-to-know/) — CASP authorisation procedure: acknowledgement of receipt within 5 business days, completeness assessment within 25 business days, final decision within 40 business days of a complete file
- T3 · Zepos & Yannopoulos[Crypto-asset service providers in Greece](https://www.zeya.com/newsletters/long-awaited-law-supplementing-markets-crypto-assets-regulation-has-been-adopted) — Crypto-asset service providers in Greece — must be authorised by HCMC (or Bank of Greece for bank/EMI/PI CASPs) under MiCA Title II/V and Law 5193/2025 before providing crypto-asset services: true
- T2 · Greek City Times[Binance](https://greekcitytimes.com/2026/09/24/binance-bank-of-greece-stablecoin-licence) — withdrawn
- T1 · Hellenic Capital Market Commission[HCMC Decision 8/1059/30.07.2025](http://www.hcmc.gr/aweb/files/Cryptos/files/Eng/Submitting_an_application_for%20_CASP_teliko_en.pdf) — HCMC Decision 8/1059/30.07.2025 — establishes the CASP authorisation application procedure with 5-day acknowledgement, 25-day completeness check and 40-business-day decision timeline: true
- T3 · Metlabs[Law 5259/2025 (amending Law 5193/2025 Art 125)](https://metlabs.io/en/blockchain-regulation/greece/) — 2026-06-30
- T3 · Sioufas & Associates Law Firm[Law 5193/2025](https://www.sioufaslaw.gr/%CE%BD-5193-2025-%CF%84%CE%BF-%CF%81%CF%85%CE%B8%CE%BC%CE%B9%CF%83%CF%84%CE%B9%CE%BA%CF%8C-%CF%80%CE%BB%CE%B1%CE%AF%CF%83%CE%B9%CE%BF-%CF%84%CF%89%CE%BD-%CE%BA%CF%81%CF%85%CF%80%CF%84%CE%BF%CF%83/) — Law 5193/2025 — establishes a criminal offence for professional provision of crypto-asset services without authorisation, punishable by imprisonment of at least one year or a fine, or both: true
- T3 · Zepos & Yannopoulos (Zeya)[Law 5193/2025 (DORA implementation)](https://www.zeya.com/newsletters/greek-law-supplementing-dora-out) — Law 5193/2025 (DORA implementation) — sets administrative fines for DORA ICT/operational-resilience breaches at up to 10% of total net turnover or EUR 5,000,000 for natural persons, or twice the benefit derived: true
- T3 · Crypto Briefing[BCASH, Xenios Blockchain Group, Capital Wallet, Piraeus Bank](https://cryptobriefing.com/greece-first-mica-entrants-hcmc-binance/) — BCASH, Xenios Blockchain Group, Capital Wallet, Piraeus Bank — First Greek CASP authorisations granted between 30 June and 7 August 2026, entering the ESMA MiCA register on 24 September 2026: true
- T1 · Hellenic Capital Market Commission[MILLIONERO, MEXC Exchange, Aurum Foundation Ltd, Alpha Assets Finance Ltd, evrostovaltis-ai.com](http://www.hcmc.gr/aweb/files/warnings/files/WARNING_MILLIONERO_en_13022026.pdf) — MILLIONERO, MEXC Exchange, Aurum Foundation Ltd, Alpha Assets Finance Ltd, evrostovaltis-ai.com — HCMC issued public warnings that these platforms are not authorised to provide crypto-asset or investment services in Greece: true
- T2[BCash, Xenios Blockchain Group, Capital Wallet Greece, Piraeus Bank / Binance](https://cointelegraph.com/news/greece-first-mica-entrants-hcmc-binance-lagarde) — Greece's first four MiCA CASP authorisations registered 24 September 2026; Binance's application (filed Jan 2026) withdrawn 24 June 2026 before a formal HCMC decision, with HCMC disputing a WSJ report alleging ECB intervention

### Greece: C2 Token ClassificationAmberEnacted in forceModule confidence: Probable▾

Greece applies the MiCAR taxonomy directly: asset-referenced tokens (ARTs), e-money tokens (EMTs), and 'other' crypto-assets (utility tokens) are distinguished per Titles III, IV and II respectively. Crypto-assets qualifying as MiFID II financial instruments, deposits, funds, insurance/pension products or securitisation positions fall outside MiCAR scope entirely and remain subject to existing Greek securities/banking law administered by HCMC/Bank of Greece. NFTs are excluded from MiCAR scope under specified conditions (uniqueness/non-fungibility tests), though ESMA guidance flags that misclassified 'NFT-like' fractionalised or serially-issued items may fall back into scope.

C2 · Token Classification — Full Module Record 0 sub-modules · 180 words · 4 traced claims · Re-verified 2026-11-04

The decision headline, regulatory posture (Amber), primary framework, and supervisory authority above are open on the Free Explore layer. Register free with a business email for 3 full-record passes a month , or unlock all 170 jurisdictions with Pro (£39/mo · £99/mo all products) or Firm (£199/mo · £449/mo all products) .

[Unlock with Free Pass / Sign In](https://a-i.gi/auth/login) [View Pro & Firm Plans (£39 / £199)](https://a-i.gi/licensing/#plans)[View Open Exemplar (Gibraltar)](/jurisdictions/gi/)

### Greece: C3 On-Chain Activity RegimeAmberEnacted in forceModule confidence: Probable▾

MiCAR does not create a bespoke licensing category for staking, DeFi lending, DEX operation, mining, node operation or standalone validation; these activities are regulated only insofar as they are performed as a CASP-defined service (e.g., custody, execution, exchange) requiring HCMC/Bank of Greece authorisation. Pure protocol-level mining, node operation and non-custodial DeFi/DEX protocols currently fall outside MiCAR's direct licensing perimeter at EU level, and no Greece-specific supplementary regime for these activities has been identified.

C3 · On-Chain Activity — Full Module Record 0 sub-modules · 180 words · 3 traced claims · Re-verified 2026-11-04

The decision headline, regulatory posture (Amber), primary framework, and supervisory authority above are open on the Free Explore layer. Register free with a business email for 3 full-record passes a month , or unlock all 170 jurisdictions with Pro (£39/mo · £99/mo all products) or Firm (£199/mo · £449/mo all products) .

[Unlock with Free Pass / Sign In](https://a-i.gi/auth/login)[View Pro & Firm Plans (£39 / £199)](https://a-i.gi/licensing/#plans)[View Open Exemplar (Gibraltar)](/jurisdictions/gi/)

### Greece: C4 Stablecoin RegimeGreenEnacted in forceModule confidence: Probable▾

Stablecoin (ART/EMT) issuance in Greece is governed by MiCAR Titles III and IV, in force since 30 June 2024, with the Bank of Greece as the competent prudential authority for authorising and supervising credit institutions, e-money institutions and payment institutions issuing ARTs/EMTs, including imposing administrative penalties for breaches. Euro-denominated stablecoin issuance has picked up since early 2025 following MiCAR regulatory clarity, though USD-denominated stablecoins continue to dominate the broader EU market.

Periodic update · new data 2026-10-11

#### Stablecoin Regime

Greece's stablecoin-adjacent regulatory architecture under MiCA assigns prudential supervision of asset-referenced-token and e-money-token issuers to the Bank of Greece, with the Hellenic Capital Market Commission handling CASP-side authorisation, per Law 5193/2025. This institutional split became visible in practice this cycle when Piraeus Bank, a mainstream Greek bank, was authorised by the Bank of Greece to appear in the MiCA register as of 24 September 2026, alongside three HCMC-authorised CASPs. This marks a notable entry of an established banking institution into MiCA-regulated crypto services in Greece, though no Greece-specific issuance or reserve rule-level finding beyond the supervisory-split structure itself has been located this cycle.

#### Outlook

What would sharpen this picture is a Greece-specific finding on reserve or issuance rules for ART/EMT issuers beyond the institutional supervisory split already sourced. Piraeus Bank's entry may also prompt further mainstream-bank participation in MiCA-regulated services, which would be the next signal to watch for.

Periodic update · new data 2026-10-05

#### Stablecoin Regime

Greece's stablecoin supervisory architecture follows the Markets in Crypto-Assets Regulation's Title III and Title IV framework directly, with a clear statutory division of labour: the Hellenic Capital Market Commission oversees crypto-asset service provider authorisations generally, while the Bank of Greece carries prudential supervisory responsibility specifically for issuers of asset-referenced tokens and e-money tokens. This division had previously been a matter of statutory description rather than demonstrated practice in Greece; Piraeus Bank's authorisation by the Bank of Greece on 7 August 2026 is the first concrete domestic instance of that split being exercised, giving the arrangement an operative rather than purely textual existence.

The traffic-light assessment for this module is amber. The statutory division of supervisory labour is sourced and now has a concrete domestic instance behind it, but the specific reserve-asset, redemption, and custody rule detail that the Bank of Greece applies in its prudential oversight of asset-referenced and e-money token issuers has not been independently verified this cycle. The regime's existence and activation are confirmed; its granular operating detail is not yet established from Greece-specific sourcing.

This development should be read alongside the broader crypto-licensing activation this cycle, of which it forms a part: Piraeus Bank's authorisation was one of four entries appearing on the European Securities and Markets Authority's Markets in Crypto-Assets Regulation register on 24 September 2026, the others being Hellenic Capital Market Commission-authorised crypto-asset service providers. The stablecoin-specific element is narrower in scope than the overall licensing development but is analytically distinct: it is the first evidence that Greece's bifurcated supervisory model for payment-type tokens, as opposed to other crypto-asset categories, functions in practice rather than only on paper.

No further Greece-specific stablecoin development, such as additional asset-referenced or e-money token issuer authorisations, redemption-rights enforcement action, or reserve-composition disclosure, was identified this cycle. The module's assessment rests on the single Piraeus Bank authorisation as its concrete evidentiary anchor.

#### Outlook

Whether further asset-referenced or e-money token issuers seek Bank of Greece authorisation in subsequent cycles will indicate whether Piraeus Bank's approval was an isolated event or the start of a broader domestic stablecoin-issuer cohort. Independent verification of the Bank of Greece's specific reserve, redemption, and custody requirements for such issuers remains an open research task, and until that detail is sourced the amber assessment reflects a genuine evidentiary gap rather than a doubt about the regime's basic operation.

C4 · Stablecoins & EMTs — Full Module Record 0 sub-modules · 180 words · 3 traced claims · Re-verified 2026-11-04

The decision headline, regulatory posture (Green), primary framework, and supervisory authority above are open on the Free Explore layer. Register free with a business email for 3 full-record passes a month , or unlock all 170 jurisdictions with Pro (£39/mo · £99/mo all products) or Firm (£199/mo · £449/mo all products) .

[Unlock with Free Pass / Sign In](https://a-i.gi/auth/login)[View Pro & Firm Plans (£39 / £199)](https://a-i.gi/licensing/#plans)[View Open Exemplar (Gibraltar)](/jurisdictions/gi/)

### Greece: C5 Consumer ProtectionAmberEnacted in forceModule confidence: Probable▾

CASPs operating in Greece under MiCAR Title V must provide clients with information that is fair, clear and not misleading, including in marketing communications, and must meet knowledge-and-competence standards for staff providing crypto-asset advice per ESMA Guidelines. Custody and administration of crypto-assets on behalf of clients is a distinct regulated CASP service subject to HCMC/Bank of Greece oversight. Cross-border transfer service guidelines (Article 82 MiCA) impose liability and procedural obligations on CASPs providing transfer services to Greek clients.

#### Consumer Protection

Core consumer protection obligations for Greek crypto markets remain in force under MiCAR Title V and show no material change this cycle. MiCA Article 66 requires crypto-asset service providers to give clients information that is fair, clear and not misleading, including identified marketing communications -- a Confirmed, T1-sourced obligation. CASPs offering custody and administration services are subject to distinct MiCAR Title V authorisation and conduct requirements administered jointly by the HCMC and the Bank of Greece. ESMA's guidelines issued under MiCA Article 82(2) establish consistent, efficient and effective supervisory practices for crypto-asset transfer services, including liability provisions applicable to CASPs serving Greek clients. All three obligations are legally settled and in force, but supervisory practice around them is still maturing, given the recent close of the Article 143(3) transitional period and the unresolved Binance/HCMC authorisation dispute playing out in the same period.

#### Outlook

No consumer-protection-specific disputes are recorded for Greece this cycle, but the module's traffic light remains amber because the surrounding authorisation environment -- rather than the disclosure and custody rules themselves -- is unsettled. Continued monitoring of how HCMC/Bank of Greece enforce these Title V obligations against CASPs navigating the post-transitional authorisation landscape is warranted.

Read full sub-brief · 199 words No new data since the standing brief. 1 periodic run re-emitted it unchanged.

Sources and findings (5)
- T1[European Securities and Markets Authority (ESMA)](https://www.esma.europa.eu/sites/default/files/2025-07/ESMA35-1872330276-2380_Final_Report_on_MiCA_Guidelines_on_knowledge_and_competence.pdf) — Article 66 of MiCA provides that crypto-asset service providers shall provide their clients with information that is fair, clear and not misleading, including in marketing communications, which shall be identified as such.
- T1[EUR-Lex / European Union](https://eur-lex.europa.eu/EN/legal-content/summary/european-crypto-assets-regulation-mica.html) — CASPs offering custody and administration of crypto-assets on behalf of clients are subject to distinct MiCAR Title V authorisation and conduct requirements administered by HCMC/Bank of Greece.
- T1[European Securities and Markets Authority (ESMA)](https://www.esma.europa.eu/sites/default/files/2025-02/ESMA35-1872330276-2032_Guidelines_on_transfer_services_for_crypto-assets_under_MiCA.pdf) — ESMA guidelines under Article 82(2) of MiCA establish consistent, efficient and effective supervisory practices for crypto-asset transfer services, including liability provisions applicable to CASPs serving Greek clients.
- T1[Greek CASPs / MiCA custody rules](https://www.bankofgreece.gr/) — No Greece-specific custody/segregation supervisory statement or enforcement action located; MiCA Art 75 custody-segregation duties apply directly
- T3 · mica.wtf[Regulation (EU) 2023/1114 (MiCA), Art 75](https://www.mica.wtf/mica/title-v-authorisation-and-operating-conditions-for-crypto-asset-service-providers-art.-59-85/chapter-3/article-75) — mandatory segregation of client holdings, incl. on distributed ledger

### Greece: C6 Tax TreatmentRedEnacted in forceModule confidence: Probable▾

Greece's first dedicated crypto-asset tax statute advanced from public consultation (closed 22 Oct 2026) to formal tabling in Parliament on 26 Oct 2026, with first-stage Economic Affairs Committee review beginning 29 Oct 2026.

Horizon · 2026-10-22 (± a quarter) Draft crypto capital-gains tax bill: consultation close Consultation · Tier 2 source

Horizon · 2026-11 (± a quarter) Greek crypto-tax bill: targeted parliamentary vote Proposed · Tier 2 source

Horizon · 2026-10-22 (± a quarter) Greece crypto capital-gains tax consultation closes Consultation · Tier 3 source

Horizon · 2026-11-07 (± a quarter) Greece crypto tax bill expected parliamentary vote Proposed · Tier 3 source

Horizon · 2026-11 (± a quarter) Greek crypto capital-gains tax bill expected before Parliament Consultation · Tier 2 source

Horizon · 2026-Q4 (± a quarter) GR crypto capital-gains tax bill expected vote Consultation · Tier 2 source

Periodic update · new data 2026-10-25

#### Tax Treatment

Greece's Ministry of National Economy and Finance has drafted legislation proposing a flat ten percent capital-gains tax on individuals' net crypto gains. The draft, reported on 8 October 2026, would exempt the first five hundred euro of annual gains and would not trigger tax on crypto-to-crypto swaps. The bill remains at the consultation stage and has not been enacted; it is expected to come before Parliament in November 2026. A notable feature under discussion is retroactive application from 1 January 2025 should the bill be enacted as drafted, which would reach back to cover gains realised before the bill's own public announcement.

Alongside the pending domestic tax measure, a separate reporting obligation is already in force. Since 1 January 2026, the EU's DAC8 directive has required crypto exchanges operating for Greek users to collect and report detailed user and transaction data to national tax authorities. This is a directly binding EU-level instrument rather than a Greek-specific enactment, and it applies to exchanges serving Greek users regardless of where those exchanges are domiciled.

Together, the prospective ten percent capital-gains tax and the already-live DAC8 reporting regime point toward a tax environment for Greek crypto holders and the exchanges serving them that is moving from largely unaddressed to actively regulated within a short span, with the reporting infrastructure arriving ahead of the substantive tax charge itself.

#### Outlook

The principal marker to watch is whether the draft bill is tabled before Parliament in November 2026 as currently expected, and whether the proposed retroactive effective date of 1 January 2025 is retained, amended, or dropped during the legislative process.

Periodic update · new data 2026-10-18

#### Tax Treatment

Greece opened a public consultation on 7 October 2026 for its first dedicated crypto-asset capital-gains tax instrument, with the consultation window closing 22 October 2026. The draft bill proposes a flat 10 percent tax rate on individual crypto-asset transfer gains, with the first EUR500 of annual gains exempt from tax. This rate represents a reduction from an earlier reported proposal of 15 percent, suggesting the rate was softened during the drafting process ahead of formal consultation. The Ministry has signalled an intention to bring the bill to a parliamentary vote in the first week of November 2026, though this timing has not been confirmed with high confidence and remains dependent on the outcome of the consultation period.

A further element reported in connection with the draft bill, though with lower confidence than the headline rate, is a twelve-month voluntary-disclosure window that would allow individuals to regularise past untaxed crypto-asset gains without penalty provided payment is made promptly. How such a window would interact with the EU's DAC8 reporting rules, which impose reporting obligations on crypto-asset service providers regarding their customers' transactions, has not been confirmed in the available evidence and is noted here as an analytical inference drawn from the draft bill text rather than a confirmed feature.

As at the date of this brief, none of this tax framework has been enacted. It remains at the consultation and pre-vote stage, meaning the 10 percent rate, the EUR500 exemption and the voluntary-disclosure window are all proposals rather than current law.

#### Outlook

The consultation closes 22 October 2026, with an anticipated parliamentary vote in the first week of November 2026. Enactment as proposed would give Greece its first dedicated crypto capital-gains tax instrument and close a prior gap in individual-investor tax treatment of crypto-asset gains. Confirmation of the voluntary-disclosure window's interaction with DAC8 reporting obligations remains an open item to watch.

Periodic update · new data 2026-10-11

#### Tax Treatment

The Ministry of National Economy and Finance published a draft bill on 7 October 2026 proposing Greece's first dedicated crypto-tax framework: a flat 10% capital-gains tax on crypto disposals, with an EUR500 annual exemption. The same draft includes a 12-month voluntary-disclosure window allowing taxpayers to settle past crypto capital gains without fines or interest if paid promptly, though the exact start and end dates of that window have not been specified in the sources reviewed. The bill has not been enacted; it is under public consultation to 22 October 2026, with a parliamentary vote targeted for the first week of November 2026 as part of a broader financial-reform package.

#### Outlook

The consultation close on 22 October 2026 and the targeted parliamentary vote in the first week of November 2026 are the two near-term dates that will determine whether this framework takes effect as proposed, is amended, or is delayed. Confirmation of the voluntary-disclosure window's precise dates would also sharpen the picture for taxpayers assessing past-gains exposure.

C6 · Tax Treatment — Full Module Record 0 sub-modules · 180 words · 10 traced claims · Re-verified 2026-11-04

The decision headline, regulatory posture (Red), primary framework, and supervisory authority above are open on the Free Explore layer. Register free with a business email for 3 full-record passes a month , or unlock all 170 jurisdictions with Pro (£39/mo · £99/mo all products) or Firm (£199/mo · £449/mo all products) .

[Unlock with Free Pass / Sign In](https://a-i.gi/auth/login)[View Pro & Firm Plans (£39 / £199)](https://a-i.gi/licensing/#plans)[View Open Exemplar (Gibraltar)](/jurisdictions/gi/)

### Greece: C7 Cross-Border TransferGreenEnacted in forceModule confidence: Probable▾

As an EU/EEA Member State operating under MiCAR, Greece imposes no domestic outbound restriction on crypto-asset transfers within the EU passporting framework; a MiCA-authorised CASP in any Member State (including Greece via HCMC) may in principle offer services across all 27 EU Member States. Cross-border crypto-asset transfers are subject to Regulation (EU) 2023/1113's travel-rule requirements, obliging CASPs to attach originator/beneficiary information to transfers and retain such records, with suspicious-activity flagging to the Financial Intelligence Unit as a disambiguation-only AML nexus (out of scope for this baseline's aml_cft_regime module).

Periodic update · new data 2026-10-18

#### Cross-Border Transfer

With the first Greek MiCA crypto-asset service provider authorisations issued on 22 July 2026, the cross-border passporting mechanism available under MiCA Article 65 has become functional in practice for Greek-authorised entities for the first time. MiCA's passporting system allows a crypto-asset service provider authorised in one EU member state to provide services across the Union without seeking separate authorisation in each additional state, and Greek-authorised providers are, in principle, now able to make use of this capability following their authorisation.

The exact notification procedure and timing that a Greek-authorised provider would need to follow to exercise outbound passporting into other member states has not been located in the available evidence this cycle. This is a gap in the practical mechanics of how passporting operates from Greece specifically, rather than any doubt about the underlying legal entitlement, which flows directly from MiCA authorisation itself.

#### Outlook

Confirmation of the Hellenic Capital Market Commission's specific notification procedure and timeline for outbound passporting by Greek-authorised crypto-asset service providers remains an open item. As more Greek entities complete MiCA authorisation, instances of actual cross-border passporting activity, rather than the theoretical capability alone, would be the next indicator to watch.

Periodic update · new data 2026-10-05

#### Cross-Border Transfer

Greece's experience over the roughly fifteen months preceding September 2026 is a practical illustration of how the Markets in Crypto-Assets Regulation's cross-border passporting mechanism, under Article 65, functions in a jurisdiction that lags in processing domestic authorisations. For that entire period, Greece had no domestically authorised crypto-asset service provider of its own, yet crypto-asset activity continued to reach Greek customers through firms holding passported licences granted by other member states' regulators. The regulatory architecture tolerated, and indeed was designed to accommodate, this asymmetry: a single-member-state authorisation is sufficient under the regulation's passporting regime to permit cross-border service provision throughout the European Economic Area, regardless of whether the receiving member state has itself authorised any domestic provider.

That period ended with the appearance of Greece's first domestic authorisations, BCash, Xenios Blockchain Group, Capital Wallet Greece, and Piraeus Bank, on the European Securities and Markets Authority's register on 24 September 2026. This closes the domestic-authorisation gap but does not alter the underlying cross-border passporting mechanism itself, which continues to operate as the general EU-wide rule regardless of any individual member state's domestic authorisation pace.

The traffic-light assessment for this module is amber: the general Markets in Crypto-Assets Regulation passporting mechanism under Article 65 is confirmed and well understood at the EU level, but the specific Greece-level notification timelines, meaning how quickly the Hellenic Capital Market Commission processes inbound passporting notifications from other member states' regulators, have not been independently verified this cycle. The structural fact that Greece relied on passported provision for an extended period is sourced; the procedural detail of how that passporting process is administered on the Greek side is not yet established.

This module's finding connects to the crypto-licensing development directly: the closure of the domestic authorisation gap is the event that ends the period during which Greece was functionally dependent on inbound passporting to serve its market, though it does not end passporting itself, which will continue to operate alongside Greece's newly active domestic authorisation regime.

#### Outlook

Whether Greece's domestic authorisation activation reduces reliance on inbound passporting, or whether passported provision continues to coexist with domestic providers as the norm under the Markets in Crypto-Assets Regulation's single-market design, is a pattern to watch in subsequent cycles. Independent verification of the Hellenic Capital Market Commission's specific passporting-notification processing timelines remains an open research task.

C7 · Cross-Border & Travel Rule — Full Module Record 0 sub-modules · 180 words · 5 traced claims · Re-verified 2026-11-04

The decision headline, regulatory posture (Green), primary framework, and supervisory authority above are open on the Free Explore layer. Register free with a business email for 3 full-record passes a month , or unlock all 170 jurisdictions with Pro (£39/mo · £99/mo all products) or Firm (£199/mo · £449/mo all products) .

[Unlock with Free Pass / Sign In](https://a-i.gi/auth/login)[View Pro & Firm Plans (£39 / £199)](https://a-i.gi/licensing/#plans)[View Open Exemplar (Gibraltar)](/jurisdictions/gi/)

### Greece: C8 AML/CFT RegimeGreenEnacted in forceModule confidence: Probable▾

AML/CFT obligations for crypto-asset service providers are addressed under the Financial Integrity Module (FIM) consumer subscription and are out of scope for this crypto baseline. For disambiguation purposes only: pre-MiCA Greek VASP registration operated under AMLD5-derived national law with FIU oversight; under MiCAR's transition, registration under the AML/CFT framework alone (not MiCA authorisation) does not qualify an entity for the simplified Article 143(6) authorisation procedure. EBA AML/CFT powers transferred toward the EU Anti-Money Laundering Authority (AMLA) framework at the end of 2025.

C8 · AML/CFT Regime — Full Module Record 0 sub-modules · 180 words · 2 traced claims · Re-verified 2026-11-04

The decision headline, regulatory posture (Green), primary framework, and supervisory authority above are open on the Free Explore layer. Register free with a business email for 3 full-record passes a month , or unlock all 170 jurisdictions with Pro (£39/mo · £99/mo all products) or Firm (£199/mo · £449/mo all products) .

[Unlock with Free Pass / Sign In](https://a-i.gi/auth/login)[View Pro & Firm Plans (£39 / £199)](https://a-i.gi/licensing/#plans)[View Open Exemplar (Gibraltar)](/jurisdictions/gi/)

### Greece: C9 Commercial Activity ▾

## Commercial Activity

Multiple dated commercial and regulatory-entry events occurred in Greece's crypto-services sector this cycle. Capital Wallet Greece announced on 27 July 2026 that it had been granted MiCA CASP authorisation by the Hellenic Capital Market Commission, among the first such authorisations granted in Greece, enabling EU-wide passported service from Athens. BCASH and Xenios Blockchain Group received comparable HCMC authorisations within the same window (30 June-7 August 2026), and Piraeus Bank was separately authorised by the Bank of Greece; all four entered ESMA's MiCA register on 24 September 2026. Set against this wave of market entry, Binance withdrew its own Greek CASP application on 24 June 2026 before a formal HCMC decision was reached, with a disputed and uncorroborated allegation that the ECB was involved in that outcome. — Outlook: The near-term question is whether the current wave of four authorisations is followed by further domestic entrants, and whether Binance re-applies for Greek CASP status. Confirmation or rebuttal of the disputed ECB-involvement allegation around the Binance withdrawal would also be a material clarifying development.

Periodic update · new data 2026-10-25

#### Commercial Activity

Greece's licensed crypto-asset service provider population moved from zero to four in a single registration event on 24 September 2026, when the Hellenic Capital Market Commission authorised BCash Societe Anonyme, Xenios Blockchain Group, Capital Wallet Greece, and Piraeus Bank. The inclusion of Piraeus Bank, a major domestic banking institution, among the first cohort of licensed entrants is notable as a signal of traditional financial-sector participation in Greece's regulated digital-asset market from the outset of the licensing regime, rather than banks entering only after non-bank operators had established the market.

The other side of this commercial picture is Binance's withdrawal. The exchange's application, filed in January 2026, was withdrawn on 24 June 2026 ahead of any formal Hellenic Capital Market Commission decision. The Commission has disputed media reporting that attributed the withdrawal to European Central Bank intervention, but no further detail on the commercial or regulatory reasoning behind the withdrawal has been confirmed.

One of the newly authorised entrants, Capital Wallet Greece, has indicated commercial ambitions beyond the domestic market, stating it intends to pursue phased European expansion using MiCA's passporting framework now that it holds Hellenic Capital Market Commission authorisation. This is a company statement of intent rather than a confirmed regulatory filing or completed cross-border activity.

#### Outlook

Watch for whether any of the four newly authorised entrants, particularly Capital Wallet Greece, take concrete steps toward cross-border passporting activity, and whether further commercial entrants come forward for authorisation following this first cohort.

Sources and findings (4)
- T2[Capital Wallet](https://en.cryptonomist.ch/2026/09/30/greek-mica-casp-entries/) — Capital Wallet Greece announced MiCA CASP authorisation by HCMC on 27 July 2026
- T4[Binance](https://bitcoinethereumnews.com/crypto/greek-mica-casp-entries-mark-new-crypto-regulatory-phase/) — Withdrew Greek MiCA CASP application on 24 June 2026 before formal HCMC decision; disputed ECB-involvement allegation
- T2 · Cryptonomist[BCASH, Xenios Blockchain Group, Capital Wallet Greece, Piraeus Bank](https://en.cryptonomist.ch/2026/09/30/greek-mica-casp-entries/) — 4 CASPs authorised
- T3 · Crypto Briefing[Binance](https://cryptobriefing.com/greece-first-mica-entrants-hcmc-binance/) — withdrawn 2026-06-24