Greece Implements Law to Regulate Cryptocurrency
Greece has recently implemented a new law to regulate the use of cryptocurrency within the country. The law comes as a response to the growing popularity of cryptocurrencies such as Bitcoin and Ethereum, which have been gaining traction in Greece in recent years. This new regulation aims to provide clarity and guidance for businesses and individuals who are interested in using cryptocurrency in their transactions.
Read moreInvestment Funds in Greece
Investing in Greece
Investing in Greece has been on the radar of international funds, especially in the domains of energy, tourism, new technologies, and real estate. However, the bureaucratic and administrative challenges in Greece have often posed difficulties for investors. Nevertheless, a recent research conducted under the auspices of Cardiff Metropolitan University has provided a guide for international funds investors to navigate the investment environment in Greece.
One of the crucial factors in improving the investing environment in Greece is the digitalization of the public sector. The pandemic crisis of Covid-19 has fastened the digital revolution of the Greek administration. Governmental cyber locations have created digital communication channels with the state, facilitating a great number of administrative procedures within minutes via computers. Microsoft’s recent investment in Greece is a testimony to the country’s potential as a digital liaison and consistent base for data centers and innovative technologies.
Read moreCan blockchain technology be used as a tool to tackle corruption in Greece?
In today’s digital age, it is imperative that governments and public institutions around the world undergo digital transformation, utilizing new technologies and data to develop innovative and efficient public policies. One such technology with a wide range of potential applications is blockchain, which offers the promise of more transparent and accountable processes and the ability to combat corruption.
According to the OECD, blockchain technology is a distributed ledger that records, stores, and provides access to digital transactions without the need for a central authority. Each new record in the blockchain is connected to the previous one using cryptographic methods, making blockchain records immutable.
Read moreHow to Open a Bank Account in Greece: Step-by-Step Guide
If you are planning to relocate to Greece or purchase property in the country, it is essential to have a local bank account. In the past, opening a new bank account in Greece was a challenging task due to strict regulations in the banking sector. However, as the Greek economy has improved, these restrictions have been eased, and the process of opening a bank account in Greece is now straightforward.
Read moreThe New Rules for Greek Golden Visa in 2023
In September 2022, the Greek Prime Minister announced that the minimum investment amount for property acquisition for the Greece Golden Visa program would be increased from €250,000 to €500,000 in 2023, to help make real estate more affordable for Greeks. On December 21st, 2022, the Greek Ministry of Development submitted an amendment to parliament to raise the minimum investment amount to €500,000, which would only apply to certain areas of Greece.
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