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Croatia previously has a fairly favorable environment to cryptocurrencies, though the industry is young, with it’s first ICO occurring in 2017. Recent EU regulations have begun to crack down on ICOs, particularly around KYC and AML practices.

Croatia is located in Europe (EU): The countries of the European Union hold a patchwork of individual attitudes towards cryptocurrency regulation, but all of them also fall under the jurisdiction of the EU Commission.

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Cryptocurrency trading
in Croatia

Cryptocurrencies are legal in Croatia.

In January the EU came out with new directives on cryptocurrencies, asserting that “gaps still exist in the oversight of the many financial means used by terrorists, from cash and trade in cultural artefacts to virtual currencies and anonymous pre-paid cards. This proposal seeks to address those gaps while avoiding unnecessary obstacles to the functioning of payments and financial markets for ordinary, law-abiding citizens and businesses, so balancing the need to increase security with the need to protect fundamental rights, including data protection, and economic freedoms.”

Mostly focused on ending anonymity among the crypto community, and preventing nefarious individuals from buying, funding, or selling orgs or resources. It does include the sharing of company and individual information with public entities at times, and affects exchanges and wallets.

Regulation
of ICOs in Croatia

Croatia had its first ICO in 2017, and while the government has been somewhat favorable towards them, recent EU regulations are likely to impact them going forward, with more stringent regulation.

Cryptocurrency
Markets in Croatia

Croatia has various bitcoin ATMs and some companies accept cryptocurrency as payment.

IBC’s planning and strategy team can provide expert advice on ICOs in different jurisdictions. If you’re thinking of holding an ICO in COUNTRY and you’d like more information, contact us here.