Regulator: Hellenic Capital Market Commission (HCMC)
Greece treats crypto including stablecoins as digital assets, not legal tender. Greece requires all stablecoin issuers or service providers to be licensed as CASPs under MiCAR, clearing hurdles like AML/KYC, white-papers, reserve transparency. Enforcement is live under HCMC and coordination with the Bank of Greece's sandbox. Regulatory clarity is bolstered by new licensing rules rolled out in August 2025.
