Prime Minister Kyriakos Mitsotakis announced that the Greek government will prioritize regulating the cryptocurrency market in 2025.
Balancing Growth and Protection:
Mitsotakis acknowledged the rapid growth of cryptocurrencies but emphasized the need for clear rules. The goal is not to stifle innovation but to protect investors and prevent abuse.
Aligning with Europe & Educating the Public:
Regulation will be aligned with European standards, targeting potential risks and exploitative practices. A key focus is also on educating the public, especially small investors, about the potential dangers of cryptocurrencies.
Strengthening the Capital Market:
In parallel, the government is drafting a law to strengthen the capital market. This includes incentivising companies, particularly small and medium-sized enterprises (SMEs), to access the stock exchange for funding. This aims to support overall economic development.
Key Takeaways:
- Greece is taking a proactive approach to regulating the cryptocurrency market, prioritizing investor protection.
- Regulation will be aligned with European standards to address potential risks.
- Public education and promoting a strong capital market are additional priorities.
This move reflects the government's commitment to fostering responsible innovation while ensuring Greece's stable and transparent financial environment.
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