Greek Government to Regulate Cryptocurrency Market

Prime Minister Kyriakos Mitsotakis announced that his authorities volition prioritize regulating the cryptocurrency marketplace successful 2025.

During a furniture gathering connected Friday, Mr. Mitsotakis acknowledged the accelerated maturation of the cryptocurrency assemblage but emphasized the request for wide rules to support investors and forestall abuse.

"We purpose to bring bid to a mostly ambiguous and unregulated domain," Mr. Mitsotakis stated.

He clarified that the government's extremity is not to "demonize" cryptocurrencies but to found safeguards for investors and pass of the important risks associated with these types of investments.

"We are aligning the nationalist model with European standards, particularly regarding abusive practices prevalent successful this environment," Mr. Mitsotakis explained.

He stressed the value of educating the public, peculiarly tiny investors, astir the imaginable dangers of cryptocurrencies and the request for informed decision-making.

Mr. Mitsotakis besides highlighted a draught instrumentality aimed astatine strengthening the superior market, emphasizing the value of providing incentives for companies, particularly tiny and medium-sized enterprises (SMEs), to participate the banal exchange.

He sees this arsenic a important measurement successful supporting the wide improvement of the Greek economy.

"It is important for dynamic Greek businesses to summation entree to caller financing channels," Mr. Mitsotakis said. "This volition enactment the wide developmental momentum of the economy."

The government's absorption connected regulating cryptocurrencies and bolstering the superior marketplace reflects its committedness to promoting liable innovation and creating a much unchangeable and transparent fiscal situation for businesses and investors successful Greece.