Existing user? Sign in
Share your needs with us, get contacted by law firms.
Free. Takes 2 min.
Fintech law in Greece covers digital financial services, payments, lending platforms, and crypto related activities. It combines European Union directives with national Greek regulations administered by key authorities. In practice, a Fintech business in Chalandri must navigate licensing, data protection, consumer protection, and anti money laundering rules.
Chalandri is part of the Athens metropolitan area and relies on Greek and EU rules applied by the Bank of Greece, the Hellenic Capital Market Commission, and the Hellenic Data Protection Authority. Local counsel with Athens-area experience helps ensure compliance across licensing, user data handling, and cross border services.
Regulatory updates in the Fintech space come from EU level rules such as the Payment Services Directive 2 and the regulation on crypto assets. Greek authorities translate these directives into national licenses, reporting duties, and supervisory standards. Keeping current with official guidance reduces risk of penalties and service interruptions.
Sources you can consult for official guidance include the Bank of Greece, the Hellenic Capital Market Commission, and the Hellenic Data Protection Authority. These bodies publish regular notices on licensing, supervision, and data protection obligations that affect Fintech operations.
Sources: Bank of Greece, Hellenic Capital Market Commission, Hellenic Data Protection Authority.
Starting a Fintech venture in Chalandri requires precise regulatory steps. A lawyer helps you map licensing obligations and ensure your product design complies from day one. Without counsel, you risk delays, fines, or a halt to product launch.
Greece implements EU financial technology rules through national measures and supervisory guidance. The most relevant areas are payment services, crypto asset regulation, and data protection. Below are the core frameworks your Greek Fintech must consider.
Payment Services Directive 2 (PSD2) - This EU directive governs payment services and requires certain licensing, security standards, and access for third party providers. In Greece, BoG supervision enforces licensing and compliance obligations for payment institutions and e money services. Most cross border and inter agency activity falls under PSD2 requirements.
Markets in Crypto Assets Regulation (MiCA) - MiCA creates a harmonized EU regime for crypto asset service providers, licensing, reserves, disclosures and consumer protections. Greece applies MiCA through national implementation and supervisory guidance, with transitional timelines and ongoing adaptation by local authorities.
General Data Protection Regulation (GDPR) - GDPR applies across all Fintech activities that process personal data. The Hellenic Data Protection Authority enforces GDPR in Greece, including data subject rights, breach reporting, and cross border data transfers.
Anti Money Laundering and Countering the Financing of Terrorism (AML/CFT) - EU AML directives implemented in Greece through national statutes and supervisory rules. Fintechs must conduct customer due diligence, monitor transactions, and report suspicious activity to the competent authorities.
Effective dates and updates occur as the EU regulatory timetable evolves. PSD2 began to apply in the EU in 2018, GDPR has been in force since May 2018, and MiCA began applying in 2023 with subsequent national implementation. Greek adoption is carried out by the relevant authorities and updated guidance published on official channels.
Sources: European Commission - MiCA overview, Bank of Greece, Hellenic Data Protection Authority.
Fintech law covers digital financial services, licensing, privacy, and anti money laundering. In Chalandri, it means compliance with EU directives and Greek regulations for payment services, crypto assets, and data handling.
If you issue or process payments, issue e money, or operate as a payment service provider, you will likely need BoG authorization. A local lawyer can assess your specific service and license path.
PSD2 governs payment services and third party access to payment accounts with strong customer authentication. It shapes licensing, security, and competition for Greek providers.
Crypto asset services fall under MiCA in the EU and Greek implementation. Licensing and regulatory compliance depend on your exact business model and service scope.
Costs vary by matter complexity and firm size. A starter consultation can range from modest to a few hundred euros, while full licensing projects may run into several thousand euros.
Licensing timelines vary by service and workload of the authority. Expect several months for complex payments licenses, depending on completeness of your submission.
MiCA applies across the EU, including Greece, for crypto asset service providers. It requires licensing, disclosures, and prudent measures for consumer protection and market integrity.
Yes. Any Fintech handling personal data must implement GDPR safeguards, conduct data protection impact assessments, and engage with the Hellenic Data Protection Authority.
Official guidance is published by the Bank of Greece, HCMC, and the Hellenic Data Protection Authority, with updates posted on gov.gr and EU portals.
Yes. A lawyer helps ensure compliance with PSD2, MiCA, AML/CFT, and data protection across EU jurisdictions and coordinate between Greek authorities.
Yes. A lawyer can draft terms that clarify rights, fees, data processing, and liability to reduce disputes and regulatory risk.
Establishing a compliance program with regular training and monitoring helps you adapt to evolving Fintech requirements and avoid penalties.
Lawzana helps you find the best lawyers and law firms in Chalandri through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Fintech, experience, and client feedback.
Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters.
Get a quote from top-rated law firms in Chalandri, Greece — quickly, securely, and without unnecessary hassle.
Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation.
We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.
