During a recent visit to Bhutan, Binance CEO Richard Teng expressed support for the kingdom's decision to integrate digital assets into its national philosophy.
Support for Digital Asset Integration
Bhutan, known for measuring progress through Gross National Happiness (GNH), may seem an unlikely candidate for rapid crypto adoption. However, Teng views it as a natural alignment. Speaking at a panel in Thimphu, he argued that decentralized finance could help advance the country's long-standing commitment to holistic development, especially through economic empowerment in underserved regions.
Bhutan's Global Achievements in Cryptocurrency
Bhutan ranks among the top state holders of Bitcoin globally, reportedly holding over 13,000 BTC in reserves. The government has embraced hydro-powered mining and partnered with Binance to enable crypto-based tourism payments.
Challenges and Prospects of Crypto Integration in Bhutan
While challenges such as inconsistent internet access remain, Bhutan's foray into crypto marks a bold step toward redefining progress on its own terms—one where digital innovation meets traditional values.
Bhutan continues to explore its ideas of progress by leveraging digital assets to enhance economic independence and national pride, receiving support from experts like Richard Teng.
