Serbia

Serbia has emerged as one of Europe's most crypto-friendly jurisdictions, with no capital gains tax on cryptocurrency profits for individual holders — making it highly attractive for long-term Bitcoin HODLers. The Serbian Tax Administration has clarified that personal crypto holdings are not subject to capital gains tax, and there is no special licensing requirement for individual Bitcoin use. Belgrade hosts a growing Bitcoin technology community, and the country's low cost of living combined with its zero-tax policy has attracted a number of Bitcoin-native digital nomads and businesses.