Greece vs Guatemala
Crypto regulation comparison
Greece
Guatemala
Legal
No Regulation
Cryptocurrency is legal in Greece and regulated under the EU framework. A 2024 tax reform established a 15% tax on crypto capital gains, replacing the prior uncertain treatment. The Hellenic Capital Market Commission oversees crypto service provider registration.
Guatemala has no specific cryptocurrency regulation. The Banco de Guatemala has stated that crypto is not legal tender and not backed by the central bank, but has not banned its use. Crypto usage exists primarily for remittances from the US-based diaspora.
Tax Type
Capital gains
Tax Type
Unclear
Tax Rate
15%
Tax Rate
N/A
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
HCMC (Hellenic Capital Market Commission), Bank of Greece
Regulator
Banguat (Banco de Guatemala), SIB
Stablecoin Rules
Regulated under EU MiCA framework
Stablecoin Rules
No stablecoin-specific regulation
Key Points
- 15% capital gains tax on crypto established under recent tax reforms
- HCMC registers and supervises crypto service providers
- Greece adopted EU AML directives for crypto businesses
- MiCA framework applicable from December 2024
- Crypto adoption grew during the 2015 financial crisis and capital controls
Key Points
- No specific cryptocurrency legislation exists
- Banguat has warned that crypto is not legal tender and not government-backed
- Crypto is neither explicitly legal nor illegal for private use
- Remittance use case is significant given large diaspora in the US
- Tax treatment of crypto gains is unclear