Slovenia’s Capital Ljubljana Outranks Hong Kong and Zurich in Crypto City Ranks for 2025

Ljubljana, Slovenia’s capital, has surprisingly taken the crown as the world’s most crypto-friendly city. That’s according to the 2025 Crypto Report from migration advisory firm Multipolitan.

The report ranked 20 global cities based on how welcoming they are to crypto, looking at things like local rules, taxes, digital setup, lifestyle, and overall crypto culture.

Beating out traditional financial hubs like Hong Kong and Zurich, both of which tied for second place, Ljubljana’s rise reflects Slovenia’s deeper national embrace of crypto technologies.

According to Multipolitan, the city’s high concentration of crypto ATMs, widespread retail adoption, fast internet speeds, and affordable living costs helped it secure the top spot.

Slovenia Also Leads in Crypto Wealth Per Person

In addition to topping the Crypto-Friendly Cities Index, Slovenia also leads the Crypto Wealth Concentration Index, with the average Slovenian crypto holder reportedly owning around $240,500 in digital assets.

That figure puts Slovenia well ahead of Cyprus (second with $175,000) and Hong Kong (third with $97,500). The country’s high per-capita crypto ownership underscores its citizens’ deep involvement in digital assets.

Multipolitan attributes this wealth concentration to Slovenia’s early adoption, its vibrant blockchain communities like Blockchain Alliance Europe (based in Ljubljana), and a favorable ecosystem for startups and decentralized ventures.

Potential Headwinds: Slovenia’s Proposed Crypto Tax

Despite the glowing report, a new legislative proposal could alter Slovenia’s crypto-friendly reputation. Just last week, the Ministry of Finance unveiled a draft law proposing a 25% tax on personal gains from crypto transactions, including fiat conversions and crypto purchases.

The tax, slated for implementation on January 1, 2026, would exclude crypto-to-crypto trades and wallet transfers but require annual reporting.

Finance Minister Klemen Boštjančič defended the bill as a measure to bring crypto taxation in line with traditional financial instruments. The government anticipates earning between €2.5 million and €25 million annually from the new law.

How Other Global Hubs Stacked Up

The Multipolitan report also highlighted other key cities:

• Hong Kong (Tied #2): Lauded for its forward-looking regulatory framework. The city has licensed 10 virtual asset platforms under its evolving crypto regime since 2022. Despite strict compliance costs, Hong Kong’s Web3 aspirations are finally gaining traction, helped by major conferences, institutional involvement, and increased residency interest from crypto professionals.
• Zurich (Tied #2): Remains a top spot for crypto wealth and innovation, thanks to Switzerland’s stable and well-defined financial regulations.
• Singapore (#4) & Abu Dhabi (#5): Rounded out the top five, both known for attracting crypto businesses with low taxes and clear licensing frameworks.

Notably, Madison, Wisconsin emerged as the only US city to make the list, sharing 11th place with Riga (Latvia), Doha (Qatar), and Riyadh (Saudi Arabia).