A new South China Morning Post report shows that Slovenia’s capital has outsmarted Hong Kong and Zurich to become the most crypto-friendly place globally.
The report shows that Ljubljana, the capital of Slovenia, has been named the most crypto-friendly city in the world, according to a recent analysis by the immigration consultancy firm Multipolitan.
Thanks to the large part to the GoCrypto network, the city has more than 1,300 businesses that take Bitcoin payments, including bars, restaurants, stores, and sports arenas.
With BTC City, a significant retail area acting as a focal point for crypto integration, this widespread adoption has turned Ljubljana into a center for digital currency transactions.
Zurich and Hong Kong Take Second Place as Most Crypto Friendly Places
The report also highlights that Zurich and Hong Kong are tied for second position. A robust crypto ecosystem has been cultivated in Hong Kong by the city’s encouraging legal framework and substantial public interest.
In a similar vein, Switzerland’s transparent laws and advantageous taxation draw many blockchain companies to Zurich.
Singapore comes in at number four thanks to its strong infrastructure that fosters blockchain innovation and its proactive regulatory framework run by the Monetary Authority of Singapore (MAS).
The city-state’s status as a major Asian crypto hub has been cemented by its dedication to creating an atmosphere that is favorable for cryptocurrency enterprises.
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Driven by the United Arab Emirates’ extensive crypto legislation and programs like as the Dubai Multi Commodities Centre (DMCC) Crypto Centre, Abu Dhabi takes fifth place. These initiatives have drawn venture funding and international exchanges, enhancing the city’s standing as a developing hub for digital assets.
Crypto Whales Seek Alternate Residence
In order to maximize their financial freedom and minimize their liabilities, crypto whales—people who own significant quantities of cryptocurrency—are increasingly looking into alternate residences and second citizenships in nations with low tax rates.
The United Arab Emirates, and especially Dubai, has become one of the most popular travel destinations. The Golden Visa scheme, which offers a 10-year residence to anyone who invests at least 2 million dirhams (about US$544,500), is what makes Dubai so alluring.
This initiative provides a modern infrastructure, robust crypto regulatory assistance, and a stable, tax-neutral environment. In order to benefit from these advantages and diversify their financial and personal holdings, a large number of affluent cryptocurrency investors are moving to Dubai.
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