Bhutan’s Gelephu Mindfulness City to Add Bitcoin and Ethereum to Reserves
Gelephu Mindfulness City (GMC) in Bhutan plans to include digital assets such as Bitcoin, Ethereum, and Binance Coin in its strategic reserves. This initiative positions GMC among the first regions to adopt digital assets for economic stability.
- Digital assets will enhance economic resilience.
- Focus on high market capitalization and deep liquidity for effective trading.
- Prioritize assets from secure blockchains for transaction monitoring.
The decision follows the Application of Laws Act 2024, which regulates digital asset services in GMC. The act aims to foster a secure environment for the growth of digital assets.
- GMC emphasizes innovation and blockchain technology.
- It serves as a link to South Asia's economy, impacting over two billion people.
Upcoming Global Meeting
A global meeting on digital assets will take place in March 2025 in Bhutan, gathering officials and industry leaders to discuss their role in strategic reserves and establish an international advisory panel.
- Bhutan has invested 5% of its GDP in Bitcoin mining since May 2023.
- The country currently holds over $1 billion in Bitcoin.