The spiking adoption of crypto globally has sparked the curiosity among people, nations, cities, and institutions to adopt digital assets as a mode of payment, and every year, leading analysis firms and analysts publish their ranking of nations based on their overall environment for cryptocurrencies.
According to a report by Multipolitian titled ‘ Crypto Report 2025- The Future is Onchain’, Ljubljana, the capital city of Slovenia, is one of the most crypto-friendly cities.
It is worth noting that Ljubljana has surpassed some known crypto hubs like Hong Kong and Zuric, the economic powerhouse of Switzerland. The index has featured 20 cities based on their environment for cryptocurrencies and their usage.
The major indicators that the Multipolitian report considered for ranking are crypto friendliness in terms of rules and regulations, lifestyle factors, digital and crypto-based infrastructure, and taxes.
Cities with a favorable licensing framework are topping crypto
The experts at Multipolitian have evaluated several factors to rank cities as per the environment, some major factors considered are the licensing framework, GDP per capita, housing affordability, internet accessibility and its speed, Capital gains taxes, and GDP per capita.
Multipolitian said in its report, “ The presence of crypto ATMs and retail adoption rates were analysed to reflect each city’s embedded cryptocurrency culture.” It adds, “ High concentrations of these assets earned the top scores.”
As per the reports’ key findings, the United Arab Emirates has been topping with an ownership of 25.3%, followed by regions like Singapore, Turkey, Argentina, and Thailand.
However, the report boldly quotes that Oman is standing at the front in terms of taxes, and is termed as one of the most tax-friendly for crypto.
On the other hand, the report also identified that the crypto adoption among Generation Z and millennials is 3x higher than the adoption of these products among baby boomers.
After the tie for second place, Singapore, a city-state, and Abu Dhabi, the capital of the United Arab Emirates, came in at number four and fifth, respectively. Both these cities are already attracting investors, users, and firms due to their lower taxes, favorable stance of regulators, including a clear and transparent set of rules and regulations for licensing.
According to a survey in 2023 by the European Central Bank, Slovenia has the highest crypto ownership rate in the eurozone, with involvement of 15% of the adults in ownership.
Slovenia has shown its eagerness to explore the potential of the widely popular blockchain technology, and in 2024, it became the 1st EU nation to issue €30 million in sovereign digital on-chain bonds.
Crypto market price updates
Until publishing, the crypto market cap was $2.92 trillion, and the trading volume was $92.05 billion, the crypto fear and greed index was at 52, indicating neutrality in the market sentiments.
Bitcoin is currently below $95k, and as of writing, it was exchanging hands at $93,401, and its market cap was $1.85 trillion, which grew 6.82%.
On the other hand, Ethereum losses over 13% of its market cap and is at $213.48 billion, and is now trading at $1,712 with a correction of 12.32% in a week.
