Ljubljana, the capital of Slovenia, has claimed the top spot as the most crypto-friendly city globally, according to the latest Crypto Report by migration advisory firm Multipolitan. The report praised Ljubljana for its welcoming regulations, dynamic digital infrastructure, and strong crypto culture. The city outperformed internationally recognized hubs like Hong Kong and Zürich.
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How Ljubljana Surpassed Major Global Hubs
In Multipolitan’s 2025 Crypto-Friendly Cities Index, Ljubljana emerged as the clear winner out of twenty global cities studied. It outranked Hong Kong and Zürich, both of which were tied for second place. Singapore and Abu Dhabi completed the top five, securing fourth and fifth positions, respectively.
These rankings were determined through a detailed analysis that included regulatory landscapes, tax policies, digital infrastructure, and everyday crypto adoption in each city. Multipolitan emphasized that the availability of crypto ATMs and retail adoption rates played significant roles in the scoring process:
“The presence of crypto ATMs and retail adoption rates were analysed to reflect each city’s embedded cryptocurrency culture.”
Cities with a high concentration of these services gained major advantages in the final scores. In this respect, Ljubljana’s strong presence of crypto infrastructure clearly sets it apart.
Along with technology and legal considerations, lifestyle factors such as housing affordability and internet quality were also integral to the evaluation. Ljubljana’s relatively low cost of living compared to other European capitals, coupled with high internet speeds, contributed to its impressive showing.
Slovenia Dominates Crypto Wealth Indexes
Ljubljana’s leadership in the crypto sector is no accident. Slovenia’s broader embrace of cryptocurrency has significantly boosted its international profile. Not only did Ljubljana top the Crypto-Friendly Cities Index, but Slovenia also claimed first place in Multipolitan’s Crypto Wealth Concentration Index. This separate index combined data on crypto ownership rates and trading volumes across countries.
The average Slovenian crypto owner holds around $240,500 worth of assets. This amount surpassed Cyprus by more than $65,000, as Cypriot holders average about $175,000. Hong Kong stood in third with an average of $97,500. These statistics underline Slovenia’s strong individual participation in the digital asset economy.
Conversely, the United States found itself ranked near the bottom of the wealth concentration list, coming in at 17th place. American crypto owners, on average, hold just about $23,300 in digital assets, only slightly ahead of Malaysia’s average of approximately $21,000.
Read also: South Korea’s Crypto Boom: 1 in 3 Citizens Invest in Crypto
$1 Billion US Real Estate Tokenized
Ljubljana city serves as the headquarters for Blockchain Alliance Europe, a key advocacy group for the industry. Additionally, Ljubljana is home to Blocksquare, a blockchain-based real estate platform.
Recently, Blocksquare announced a collaboration with Vera Capital to tokenize $1 billion worth of US real estate. Ljubljana’s network of blockchain companies, combined with its regulatory clarity, makes it a powerhouse in decentralized finance. Multipolitan’s CEO, Nirbhay Handa, captured the spirit of this transition by stating:
“We’re moving from birthrights to choices – where individuals pick the jurisdictions, currencies, and communities that serve them best.”
Slovenia’s 25% Crypto Tax Proposal
Despite its friendly environment, Slovenia has begun to introduce new tax measures aimed at the crypto sector. Just last week, Slovenia’s Ministry of Finance unveiled a draft law proposing a 25% tax on personal gains from cryptocurrency sales. If passed, the new tax will come into effect on January 1, 2026.
The tax is designed to apply only when cryptocurrencies are converted into traditional fiat money or when used for purchasing goods and services. Crypto-to-crypto exchanges and wallet transfers would remain unaffected. Under the new regulation, investors would need to report their crypto gains annually to the authorities.
Finance Minister Klemen Boštjančič defended the proposal by stating it was a matter of equity, aligning crypto gains with the taxation of traditional investment incomes. The government estimates that the tax could generate between €2.5 million and €25 million each year.
Read also: Czech Republic Removes Crypto Taxes for Long-Term Holders
