Cryptocurrency Attorney

Greece and Cryptocurrency

Greece Cryptocurrency Laws

Regulation of Digital Currencies: Cryptocurrency, Bitcoins, Blockchain Technology

The Greeks frantically turned to online trading platforms in search of Bitcoin during the doldrums of debt crisis in 2015, when banks began shutting down and capital controls were put in place.[1]  Which could explain why in May of this year, Bitcoin.com reported that the interest in cryptocurrency from Greek women had grown 163.67 percent.[2]

The Bank of Greece has adopted the EBA warnings regarding virtual currencies.[3] Greece joined the European Blockchain Partnership (EBP), which was established by 22 founding countries on April 10, 2018.[4] The goals of the EBP are to establish a European Blockchain Services Infrastructure (EBSI) to support the delivery of cross-border digital public services while adhering to established standards for security and privacy.[5]

Is cryptocurrency legal in Greece?

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[1] Selva Ozelli, Will Cryptocurrencies Preserve Their Popularity in Greece? Expert Take, Coin Telegraph, (Jul. 04, 2018), https://cointelegraph.com/news/will-cryptocurrencies-preserve-their-popularity-in-greece-expert-take.

[2] Kevin Helms, 9 Countries Show Huge Growth in Cryptocurrency Interest: Coinmarketcap, Bitcoin.com, (May 3, 2020), https://news.bitcoin.com/countries-growth-cryptocurrency-coinmarketcap/.

[3] Digital Currencies: International Actions and Regulations, supra note 35.

[4] Id.

[5] Id.