Slovenia Ranks as the World’s Most Crypto-Friendly Nation (Study)

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A research con­duct­ed by the avi­a­tion com­pa­ny Fast Pri­vate Jet esti­mat­ed that the cen­tral Euro­pean coun­try – Slove­nia – is the world’s most cryp­to-friend­ly state. More­over, its cap­i­tal – Ljubl­jana – is the most wel­com­ing des­ti­na­tion in Europe for dig­i­tal asset businesses.

Central Europe Leads the Way

The Italy-based avi­a­tion firm – Fast Pri­vate Jet – per­formed a glob­al study to deter­mine which coun­tries have the most venues where cryp­tocur­ren­cies are accept­ed as a pay­ment method. Slove­nia ranked first, while anoth­er Cen­tral Euro­pean nation – the Czech Repub­lic – held the sec­ond posi­tion. Argenti­na, Japan, Spain, and Colom­bia round­ed up the top 6.

Slove­nia has 72 shops and 33 sports venues that accept bit­coin or alt­coins as a means of pay­ment. Its cap­i­tal city – Ljubl­jana – is also the most cryp­to-friend­ly des­ti­na­tion in Europe. Cur­rent­ly, it has over 137 busi­ness­es and 584 dif­fer­ent loca­tions that allow dig­i­tal asset pay­ments, while its largest shop­ping cen­ter is named “BTC City.”

Prague – The Czech Republic’s cap­i­tal – is the sec­ond most cryp­to-friend­ly Euro­pean des­ti­na­tion. Among its cryp­to attrac­tions is the cof­fee-house Para­lel­ni Polis, where cus­tomers can pay only in bitcoin.

The third most cryp­to-wel­com­ing city in Europe is Spain’s Madrid, while Mal­ta ranked at the bot­tom of that statistics.

Fast Pri­vate Jet’s study touched upon the USA, too. It revealed that New York, Los Ange­les, and San Fran­cis­co have the most restau­rants, cafe­te­rias, and busi­ness­es that accept cryp­to as a pay­ment method.

Unsur­pris­ing­ly, Chi­na is among the least cryp­to-friend­ly coun­tries around the globe. Last year, the local author­i­ties imposed a total ban on all dig­i­tal asset endeav­ors on Chi­nese soil.

Oman, Egypt, Alge­ria, Qatar, Iraq, Tunisia, Moroc­co, and Bangladesh also have a hos­tile stance on the indus­try and were placed next to China.

Ear­li­er this month, a Coin­cub research esti­mat­ed that Ger­many is the most cryp­to-friend­ly nation for Q1, 2022, while Sin­ga­pore and the USA are respec­tive­ly sec­ond and third. How­ev­er, the company’s study dif­fered from Fast Pri­vate Jet’s one as it con­sid­ered fac­tors like cryp­tocur­ren­cy laws in the dif­fer­ent coun­tries, the num­ber of fraud cas­es, and the avail­abil­i­ty of dig­i­tal asset courses.

Slovenia Is Among the Most ‘Crypto-Ready’ Countries

This is not the first time the Cen­tral Euro­pean nation has found its place in sim­i­lar stud­ies. Last year, the dig­i­tal asset plat­form – Cryp­to Head – deter­mined that Slove­nia, with an index of 5.96, is the 7th most “cryp­to-ready” country.

To per­form the research, the com­pa­ny com­bined sev­er­al fac­tors, includ­ing annu­al cryp­to Google search­es per 100,000 peo­ple and the num­ber of ATMs.

Con­sid­er­ing the USA has over 30,000 cryp­to Auto­mat­ed Teller Machines, it was no won­der that it held the first posi­tion. Inter­est­ing­ly, the Mediter­ranean island of Cyprus ranked second.

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