Steps towards self-regulation in Slovenia and Croatia

Steps towards self-regulation in Slovenia and Croatia

Communities in these two neighboring countries have expressed similar views on the future of cryptocurrencies. A new association in Croatia hopes to lay the foundations for future industry self-regulation. In Slovenia, the government joins forces with entrepreneurs to “teach the public about the benefits of blockchain technology”

The goal of the association UBIK (Udruga za Blockchain i Kriptovalute) is “to create an influential community of people involved in the development of blockchain technology and cryptocurrencies in Croatia.” One of its main tasks is also “to provide the necessary information and knowledge about digital currency.” The association plans to assist its members and individual politicians legally, financially, and technically to make it easier for them to implement blockchain applications. 



Interest in Bitcoin grew significantly last year in Croatia, causing prices to spike across all crypto exchanges in the country. At the moment, the number of fintech companies is growing in the country, and cryptocurrency is becoming a popular means of exchange. 

In Slovenia, which joined the EU in 2004, government officials and blockchain companies will work together to “educate the public about the benefits and opportunities available through innovative technology.” They recently met to establish a dialogue between the authorities and entrepreneurs, which is necessary to clarify the situation and resolve controversial issues. Prime Minister of Slovenia Miro Cerar also took part in this meeting. 

The current government in Ljubljana has a positive attitude towards cryptocurrencies. Speaking at the Digital Slovenia 2020 conference last year, the Prime Minister acknowledged the progress made by local blockchain companies and expressed confidence that the country could become a leader in the development of the industry throughout the European Union. Slovenia is on the list of countries that do not tax profits from mining and cryptocurrency exchange.  


According to news.bitcoin

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