What happened: Greece will now tax crypto profits at 10% and money earned from DeFi (lending crypto for interest) at 15%, with a 12-month grace period to report old gains penalty-free.
What it means for you: If you live in Greece and cash out crypto profits or earn interest from DeFi, part of that is now owed as tax, but you get a year to declare past earnings without extra fines; for everyone outside Greece, nothing changes.
😏 Governments spent years ignoring crypto, then showed up right when it was time to collect.
#cryptotax
What it means for you: If you live in Greece and cash out crypto profits or earn interest from DeFi, part of that is now owed as tax, but you get a year to declare past earnings without extra fines; for everyone outside Greece, nothing changes.
😏 Governments spent years ignoring crypto, then showed up right when it was time to collect.
#cryptotax
