Croatia

Croatia, like many countries, is actively adapting its regulatory framework to accommodate the growing influence of cryptocurrencies. The Croatian National Bank (HNB) and the Financial Services Supervisory Agency (HANFA) play crucial roles in overseeing financial activities in the country, including those related to cryptocurrencies.

As of 2024, Croatia has not implemented specific legislation dedicated solely to cryptocurrencies. Instead, existing financial laws and regulations are applied to crypto-related activities. Businesses involved in crypto transactions are required to adhere to anti-money laundering (AML) and know your customer (KYC) regulations, ensuring a transparent and secure financial environment.

Cryptocurrency transactions are legal in Croatia, and individuals and businesses can use digital currencies for various purposes. The Croatian Tax Administration (CTA) treats cryptocurrencies as digital assets, subjecting them to capital gains tax. This means that individuals and businesses engaging in crypto transactions are required to report their gains and losses for tax purposes.

While the use of cryptocurrencies as a payment method is gaining traction, it is essential for businesses to implement secure and compliant practices. This includes adopting robust AML and KYC procedures to mitigate the risk of fraudulent activities and ensure compliance with existing financial regulations.

The integration of cryptocurrencies into the mainstream economy in Croatia holds promise, and with the right regulatory framework, it can contribute to the country's economic growth and technological advancement.