Greece is preparing legislation that would apply a 10% capital gains tax to cryptocurrency profits, Reuters reported Thursday, citing a draft bill that is currently open for public consultation.

The proposal would exempt crypto gains of up to 500 euros ($560) per year. The government is expected to present the bill to parliament in November.

Estimating the size of Greece’s crypto market is challenging because many Greek investors trade through platforms located outside the country, according to Reuters. Officials have not yet calculated how much revenue the new tax could generate.

Greece’s proposed 10% rate would be relatively low compared with capital gains tax levels in other European Union countries. Germany, France and Italy are setting or considering rates of more than 25%.

The planned tax reflects a broader effort by European governments to bring cryptocurrency taxation closer to the treatment of traditional investments such as stocks. The changes come as digital assets become increasingly integrated into mainstream investment portfolios.