Greek Government to Regulate Cryptocurrency Market

Prime Minister Kyriakos Mitsotakis announced that his government will prioritize regulating the cryptocurrency market in 2025.

During a cabinet meeting on Friday, Mr. Mitsotakis acknowledged the rapid growth of the cryptocurrency sector but emphasized the need for clear rules to protect investors

and prevent abuse.

"We aim to bring order to a largely ambiguous and unregulated domain," Mr. Mitsotakis stated.

He clarified that the government's goal is not to "demonize" cryptocurrencies but to establish safeguards for investors and warn of the significant risks associated with these types of investments.

"We are aligning the national framework with European standards, especially regarding abusive practices prevalent in this environment," Mr. Mitsotakis explained.

He stressed the importance of educating the public, particularly small investors, about the potential dangers of cryptocurrencies and the need for informed decision-making.

Mr. Mitsotakis also highlighted a draft law aimed at strengthening the capital market, emphasizing the importance of providing incentives for companies, especially small and medium-sized enterprises (SMEs), to enter the stock exchange.

He sees this as a crucial step in supporting the overall development of the Greek economy.

"It is crucial for dynamic Greek businesses to gain access to new financing channels," Mr. Mitsotakis said. "This will support the overall developmental momentum of the economy."

The government's focus on regulating cryptocurrencies and bolstering the capital market reflects its commitment to promoting responsible innovation and creating a more stable and transparent financial environment for businesses and investors in Greece.

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Greek Government,Regulate Cryptocurrency Market