Ljubljana Tops Crypto-Friendly Cities Index With 240,500 Average Holdings

Ljubljana, the capital of Slovenia, has been named the world’s most crypto-friendly city by migration advisory firm Multipolitan. The city outranked runners-up Hong Kong and Switzerland’s economic powerhouse Züric, which scored the same in the Crypto-Friendly Cities Index, found in its 2025 Crypto Report. The index featured 20 cities and ranked their crypto-friendliness based on their regulations, tax environment, lifestyle factors and digital and crypto infrastructure. Multipolitan said its evaluation included weighing areas such as a city’s licensing frameworks, capital gains tax rates, GDP per capita, housing affordability and internet speeds. The presence of crypto ATMs and retail adoption rates were analyzed to reflect each city’s embedded cryptocurrency culture. High concentrations of these assets earned the top scores.

The city-state of Singapore and the United Arab Emirates’ capital of Abu Dhabi were respectively ranked fourth and fifth after the second-place tie. Both cities were already attractive to businesses due to offering low or no taxes, but they’ve also worked to attract crypto companies with industry-specific licensing and regulatory regimes. Sydney, Australia’s most populous city, ranked in the middle of the pack in 10th spot, with the report noting it was home to the most crypto ATMs of the group. Madison, the capital city of the US state of Wisconsin, was the only city in the Americas to rank on the index, hitting the same 11th place score as Latvia’s capital of Riga, Qatar’s capital of Doha, and Saudi Arabia’s capital of Riyadh.

Slovenia also topped Multipolitan’s Crypto Wealth Concentration Index, combining crypto ownership rates and trading volumes, which reported that the average Slovenian crypto owner held around $240,500 worth of assets. The figure outranked second-place Cyprus by over $65,000, with the average crypto-holding Cypriot hanging onto around $175,000. Hong Kong came in third with holdings averaging $97,500. The US ranked at the bottom of the 20-strong list, coming in 17th spot with average crypto holdings of around $23,300, just above Malaysia’s nearly $21,000 average holdings.

Slovenia, being part of the EU, regulates crypto under the bloc’s Markets in Crypto-Assets Regulation (MiCA), which the industry received as mostly positive. The advocacy group Blockchain Alliance Europe is based in Ljubljana. The city also houses the blockchain real estate platform Blocksquare, which teamed up with Vera Capital on April 18 to tokenize $1 billion worth of US real estate.

Ljubljana's leadership in this category is further supported by its high concentration of crypto wealth, with the average crypto holder possessing around $240,500 in digital assets. This is followed by Cyprus at $175,000 and Hong Kong at $97,500, indicating a strong presence of crypto wealth in these regions. The city's proactive embrace of blockchain technology and the widespread acceptance of cryptocurrency payments by hundreds of businesses highlight its commitment to fostering a digital asset-friendly environment, which includes regulatory clarity, favorable tax policies, robust digital infrastructure, and high levels of crypto adoption.