The Minister of National Economy and Finance, Kostis Hatzidakis, presented the key points of the bill for enhancing the capital market and the regulation of cryptocurrencies during the cabinet meeting.

The main elements of the bill aimed at strengthening the capital market include:

1. Incentives to enhance the effective operation of the Stock Exchange, encourage demand, and promote the listing of companies.
2. Institutional fortification of supervisory mechanisms (the Capital Market Commission and the Bank of Greece) based on best international and European practices.
3. Implementation measures to protect investors in crypto assets.

Regarding crypto assets and cryptocurrencies, the bill introduces regulatory measures.

Specifically:

• Regulation 2024/1114 (MICA) is enacted, establishing rules for the crypto asset market.
• Additional implementation measures are introduced to ensure investor protection in crypto assets.
• Responsible supervisory authorities are designated on a case-by-case basis, either the Capital Market Commission or the Bank of Greece, to oversee cryptocurrencies, including criminal provisions for illegal activities.
• In 2025, a specialized legal framework will be introduced, addressing the taxation of crypto assets.

The bill is expected to be officially presented and put up for public consultation in the coming weeks.