The government of Slovenia has announced that it aims to position the country as the leading destination of Blockchain technology in the European Union (EU). The government is also studying the potential applications of the technology in public administration.

In his speech at the Digital Slovenia 2020 event in mid-October 2017, Prime Minister Miro Cerar stated that the country’s regulatory agencies and ministries are already studying the technology and its potential applications.

"The regulatory bodies and ministries are already studying Blockchain, and the state is participating in activities at European level in the area of the introduction and regulation of this technology. We are also already laying the foundations for the initial pilot testing of the technology in the state administration."

Other Blockchain developments in Slovenia

On October 3, the Slovenian government launched the Blockchain Think Tank as part of the Slovenian Digital Coalition.

The think tank will serve as a point-of-contact between Blockchain developers, industry players, and the government. It will also coordinate the creation of various educational materials on Blockchain with different companies and assist in the drafting of new regulations around the technology.

In his speech, Cerar claimed that the government is extending its full support behind the technology.

"Slovenia as a whole is, therefore, setting itself up as a Blockchain-friendly destination, and to that end it is establishing the pillars of a national Blockchain ecosystem in the area of the transfer and spread of information, the adoption of legal regulations and the promotion of a supportive environment for the development of companies working in the area of Blockchain technology.”

Meanwhile, the Slovenian Financial Stability Board has issued a warning to Slovenians advising them to exercise caution when investing in initial coin offerings (ICO) and digital currencies due to the absence of regulations covering them.