Gelephu, a new special administrative region in Bhutan, intends to incorporate Bitcoin, Ethereum, and Binance Coin into its strategic reserves as part of a new economic strategy.
Cryptocurrencies in Reserves: Bhutan's New Strategy
Gelephu Mindfulness City will officially integrate digital currencies into its financial reserves, marking the region as one of the first to officially include cryptocurrencies. This move aims to enhance the area's economic resilience.
Gelephu's Strategic Objectives
The region will focus on cryptocurrencies with large market capitalizations and deep liquidity to ensure they are easily tradable. These assets will also be issued on more mature and secure blockchains that support transaction monitoring.
Developing Bhutan's Digital Infrastructure
Gelephu will establish a legal framework for digital asset services under a new law enacted in 2024. A global meeting is planned for March to discuss the use of digital assets in strategic reserves.
Bhutan's approach to using cryptocurrencies reflects the country's commitment to integrating digital economies into modern financial practices.
