Slovenia’s capital of Ljubljana ranked as world’s most crypto-friendly city

Ljubljana, the capital city of Slovenia, has been named the world's most crypto-friendly city by Multipolitan, a migration advisory firm. The city outranked Hong Kong and Zurich, which tied for second place, in the Crypto-Friendly Cities Index. The index evaluated 20 cities based on their regulations, tax environment, lifestyle factors, and digital and crypto infrastructure. Ljubljana's crypto-friendly environment, including its licensing frameworks and high concentration of crypto ATMs, contributed to its top ranking. Singapore and Abu Dhabi ranked fourth and fifth, respectively, due to their low or no taxes and industry-specific licensing and regulatory regimes. Sydney, Australia's most populous city, ranked 10th, with the highest number of crypto ATMs among the evaluated cities. Madison, Wisconsin, was the only city in the Americas to rank on the index, tying for 11th place with Riga, Doha, and Riyadh. Slovenia also topped Multipolitan's Crypto Wealth Concentration Index, with the average Slovenian crypto owner holding around $240,500 worth of assets. The country's crypto-friendly regulations, including the EU's Markets in Crypto-Assets Regulation, have contributed to its strong crypto environment.