Greece’s Capital Market Commission has introduced a new framework governing cryptocurrency
Greece’s Capital Market Commission has introduced a new framework governing cryptocurrency businesses, aligning national rules with the European Union’s MiCA regulation. The changes, published in the Government Gazette, overhaul the way companies can enter and operate in the country’s crypto market.
Stricter Licensing Process
Under the new rules, companies offering services such as exchanges or digital wallets must undergo a rigorous licensing procedure. Businesses are no longer able to simply open an office in Greece to operate. Instead, applicants must attend a preliminary meeting with regulators, then submit a complete dossier including a business plan, details of shareholders and management, and mechanisms to protect customers.
Applications missing documentation will be returned, while approvals or rejections are issued within 40 working days. Platforms that fail to secure a license will be barred from offering services to Greek customers.
European Seal of Reliability
Licensed providers will carry what regulators describe as a “European stamp of reliability,” giving investors confidence to assess services before committing funds. Even large international exchanges serving millions of users, such as Binance, will need to comply with the new framework to continue operating in Greece.
Focus on Transparency and Compliance
The updated framework also strengthens oversight
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