Slovenia vs San Marino
Crypto regulation comparison
Slovenia
San Marino
Legal
Legal
Slovenia proposed a 25% tax on crypto capital gains effective January 2026, but the law was pulled from the December 2025 legislative session and has not been enacted. Currently, individual crypto trading gains remain untaxed. Slovenia has been crypto-friendly, with Ljubljana hosting Bitcoin City and a strong blockchain community. VASPs must register for AML compliance. MiCA applies from December 2024.
San Marino has developed a regulatory framework for blockchain entities. The country has issued licenses for blockchain-based businesses.
Tax Type
Capital gains
Tax Type
Unclear
Tax Rate
25% (proposed, not yet enacted)
Tax Rate
N/A
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
ATVP (Securities Market Agency), Bank of Slovenia
Regulator
Central Bank of San Marino, AIF (Financial Information Agency)
Stablecoin Rules
Regulated under EU MiCA framework
Stablecoin Rules
No specific stablecoin regulation
Key Points
- 25% crypto capital gains tax proposed but not yet enacted; pulled from Dec 2025 legislative session
- Individual crypto trading gains currently untaxed pending new legislation
- VASPs must register for AML/CFT compliance with relevant authorities
- Ljubljana hosts 'Bitcoin City' — a commercial district accepting crypto payments
- MiCA framework applicable from December 2024
Key Points
- Delegated Decree on blockchain technology entities issued
- Licenses issued for blockchain-based businesses
- AIF provides regulatory oversight
- Small jurisdiction working to attract blockchain companies
- Developing comprehensive digital asset regulation