Croatia opens Bitcoin store to sell cryptocurrency, can provide "invoices"

A "Bitcoin Store" has opened in Croatia, selling Bitcoin and other cryptocurrencies and even providing sales receipts. It is undeniable that cryptocurrencies have become increasingly popular in this Balkan country. According to the team behind the "Bitcoin Store", they plan to expand the business to major cities in Croatia and may also enter other countries in the future.

Croatia opens Bitcoin store that sells cryptocurrencies and provides “invoices”

'Bitcoin shop' already operating in Split

The Bitcoin Store is located in Split, Croatia, a famous tourist destination on the Adriatic coast. According to Bitfalls, the store is located on Hrvatske Mornarice Street and currently only offers direct purchases of cryptocurrencies such as Bitcoin and Ethereum, with prices slightly higher than the average price on Coinmarketcap, and a 5% handling fee. For tax purposes, they will provide customers with a receipt and proof of purchase (Editor's note: similar to an invoice).

It is the first Bitcoin store not only in Croatia, but also in the entire Balkans. Currently, its team hopes to expand its business in the region, but the premise also depends on the demand for cryptocurrency sales in neighboring countries.

Currently, the cryptocurrency business in Croatia, including cryptocurrency trading, is developing rapidly. Bitfalls has also recently launched a Coinvendor project, which allows people to buy digital currencies directly through bank transfers, and now this Bitcoin store provides another dimension, allowing people to buy cryptocurrencies directly with fiat currencies.

Croatian Crypto Community Wants to Help Government Push for Regulation

Over the past few years, Croatia has seen a surge in interest in Bitcoin and blockchain technology. Many businesses in the country have started accepting cryptocurrency payments, and Bitcoin ATMs have been deployed in major cities, including the capital Zagreb, the second largest city Split, as well as Rijeka and Pula.

However, at this stage, the Croatian government has not responded adequately and has not introduced a more comprehensive regulatory framework. The Croatian National Bank (HNB) has currently taken a conservative stance. Last year, the bank stated that cryptocurrencies are not a legal means of payment under current laws, and they also pointed out that cryptocurrencies should not be considered electronic money.

Earlier this year, Croatian blockchain businesses and the cryptocurrency community expressed their interest in helping local regulators make informed decisions on cryptocurrency regulation. They have established the Blockchain and Cryptocurrency Association Udruga za Blockchain i Kriptovalute, which is willing to advise the authorities on all crypto-related matters. Not only that, the association also provides legal, financial and technical support to its members.