The research delves into the nexus between cryptocurrencies and tourist activity,
with a special focus on the facet of legal regulations. The study’s objective is to
fathom how cryptocurrencies influence the tourism sector, and how legal standards
bear on transactions involving cryptocurrencies within the tourism industry. The
principal aim is to unravel the interconnection between the employment of cryptocurrencies
in tourist services and its concurrent legal governance in four handpicked countries:
Spain, France, Croatia, and the Netherlands. Clustering was achieved through SOM and
PCA methodologies, which, in unison, proffer profound insights into the data’s architecture
and interconnectedness. The data was collected through scraping with an API key.
The research underscores that blockchain technologies, including but not limited
to Ethereum’s advancements that extend beyond just Bitcoin, are steadily gaining
a more influential role in tourism. Moreover, legal guidelines, especially within
the EU, wield significant influence over transactions and operations associated with
these digital assets.