• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Cryptocurrencies in Gelephu's Strategic Reserves: Bhutan's Future

user avatar

by A1

25 days ago


The Bhutanese city of Gelephu has announced plans to incorporate Bitcoin, Ethereum, and Binance Coin into its strategic reserves, standing out among global administrative regions.

Cryptocurrency as a Catalyst for Economic Growth

Gelephu's decision reflects its ambition to become the 'Hong Kong of South Asia.' Strategically located near the region's rapidly growing economies, the city aims to serve over two billion people. The inclusion of BTC, ETH, and BNB is part of a broader strategy to adopt mature digital assets with high market capitalization and liquidity.

Strategic Partnerships and Vision

Gelephu's development has attracted international attention, including a partnership with the Danish architectural firm Bjarke Ingels Group (BIG), which is opening an office in Bhutan. The city plans to host a meeting in March 2025 to discuss the integration of digital assets into strategic reserves and establish an international advisory panel on digital assets.

Bhutan's Leadership in Sustainable Crypto Adoption

Bhutan stands out among regions actively using cryptocurrencies, thanks to its ability to support large-scale Bitcoin mining with hydropower. Hydropower accounts for 30% of Bhutan's GDP, and the country has the capacity to generate 23,760 MW of electricity.

Hydropower provides Bhutan with a unique advantage in cryptocurrency utilization.

Gelephu in Bhutan showcases an innovative approach to economic development by including cryptocurrencies in its strategic reserves, highlighting their potential to strengthen the region's economic stability.

0

Share

Other news

Cryptocurrencies: Web3Bay, Binance Coin, and Ripple XRP Development

An analysis of Web3Bay, Binance Coin, and Ripple XRP projects amid market and regulatory changes.

user avatarA1

an hour ago

CleanSpark Increases Revenue and Achieves Net Income in 2024

CleanSpark reported a 120% increase in revenue and strengthened its position in Bitcoin mining in 2024.

user avatarA1

an hour ago

Is the $20 Target for Dogecoin Realistic?

Analysts discuss Dogecoin's potential rise to $20, assessing past trends and market challenges.

user avatarA1

2 hours ago

CFTC and Crypto Leaders to Discuss Digital Asset Pilot Program

CFTC to hold a forum with top crypto firms to discuss a digital asset pilot program focusing on tokenization

user avatarA1

2 hours ago

Opportunity to Purchase XRP Receipts through RDC and DWP

Qualified investors will gain access to XRP via regulated depositary receipts.

user avatarA1

2 hours ago

CleanSpark's Revenue Growth and Future Prospects

CleanSpark increased its revenue by 82% in Q1 due to rising Bitcoin production and prices.

user avatarA1

2 hours ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.