Cryptocurrency in Slovenia: A Crypto-Friendly Travel Destination (2024)

FAQs

Cryptocurrency in Slovenia: A Crypto-Friendly Travel Destination? ›

Ljubljana, the capital of Slovenia, is home to BTC City, a unique shopping centre where numerous retailers accept cryptocurrencies. This city has one of the highest concentrations of businesses accepting Bitcoin worldwide, offering a modern and convenient shopping experience for crypto enthusiasts.

Slovenia, a gem in Central Europe, has a vibrant culture, beautiful landscapes and, in the last few years, the status as one of the most crypto-friendly countries on the continent. The nation has a progressive approach to crypto and has set up a clear legal framework for individuals and businesses alike. The result?

Slovenian legislation treats cryptocurrency revenues depending on the type of activity: either as capital gains (investments) or as income from business activities. An important aspect is how often and in what volumes transactions are carried out and whether they are the main source of income.

The Netherlands has diligently earned a reputation as being among Europe's most crypto-friendly nations — known for its robust yet transparent regulatory environment. Although crypto companies aiming to operate in the country must pass strict requirements, that's a major reason why the sector is flourishing.

What is the minimum threshold for the Crypto Travel Rule in the European Union? No minimum threshold applies. EU CASPs must comply with Travel Rule obligations for every transaction, regardless of its amount. Unlike transfers of funds, crypto asset transfers are always subject to the same scope of obligations.

Friendly— people are friendly and very helpful to foreigners even though they are not initially seen as warm and open-minded.

Buying Bitcoin and other cryptocurrencies in Slovenia is now easier than ever with Bit2Me. Buy, sell, receive, send, explore... multiple cryptocurrencies.

Note that if we were to rank countries based on their actual number of crypto owners, India would rank first at 93 million people, China would rank second at 59 million people, and the U.S. would rank third at 52 million people.

Crypto Popularity in Europe in 2022

Around 18% of Slovenia's population is investing in crypto. Image: Visual Capitalist. Topping the list is Slovenia, considered by some the most crypto-friendly nation in the world.

How do I cash out crypto Europe? ›

To date, countries that have adopted the crypto Travel Rule include the U.K., U.S., Canada, Singapore, Switzerland, Gibraltar, Malaysia and South Korea. In June 2023, the FATF called for more countries to implement the Travel Rule to prevent criminals from exploiting “loopholes” not protected by regulation.

Apply for a Coinbase Card

Coinbase Card allows residents to spend crypto (including USDC) and local currency wherever Visa cards are accepted. It can be used for both cash and cryptocurrency (crypto) transactions.

El Salvador is known as the first country in the world to recognize Bitcoin as a legal tender in 2021. It makes it a tax haven for crypto investors and businesses seeking a tax-friendly environment. The country is also known for its crypto-friendly policies.

There are five Bitnik bitcoin ATMs available in Slovenia: in Ljubljana at Kino Šiška and one in the city centre, in Maribor, Novo mesto and Koper. Moreover, with LoCoins service you can quickly, comfortably and securely purchase your crypto coins in the network of participating merchants.

Arizona, Florida, Wyoming, and Texas are considered crypto tax friendly states due to their favorable tax policies, exemptions, and incentives for crypto businesses, while states like California, Hawaii, and New York have high state taxes and regulations that may be less favorable for individuals and the crypto ...