Gelephu City in Bhutan Adopts Digital Asset Strategic Reserves

user avatar

by Giorgi Kostiuk

2 years ago

The concept of digital asset strategic reserves is gaining traction. Gelephu in Bhutan has announced its plan to adopt Bitcoin, Ethereum, and Binance Coin as strategic reserves.

Digital Assets as a Strategic Initiative

Gelephu, being a Special Administrative Region of Bhutan, is one of the first to add digital assets to its reserves. This move is driven by the desire to safeguard reserves amid global financial changes.

Supporting Blockchain in Gelephu

The city actively promotes innovation and the development of advanced technologies, with a focus on blockchain. This decision aligns with the region's focus on technological progress and contributes to economic growth through the adoption of modern solutions.

Plans for Advisory and Regulation

In December 2024, the Application of Laws Act will establish a legal framework for companies dealing with digital assets. The city plans to form an advisory panel on digital assets to implement this project.

Gelephu's initiative regarding digital asset strategic reserves may encourage further adoption of cryptocurrencies and blockchain technologies in the region, creating transparent and clear regulatory conditions.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

HTX Strengthens Global Compliance and Showcases at TOKEN2049

HTX has made significant strides in global compliance initiatives while participating in TOKEN2049, a major event in the crypto industry held in Singapore.

user avatarDiego Alvarez

SEC Files Charges Against Richard Heart for Fraud

The SEC charged Richard Heart and his entities with conducting unregistered offerings of crypto asset securities.

user avatarMaria Fernandez

HTX Marks 13th Anniversary with Major Celebrations and Trading Events

HTX celebrated its 13th anniversary with major events, including the Anniversary Carnival and Trading Championship 3, highlighting its resilience in the crypto market.

user avatarKenji Takahashi

Richard Heart Arrested in Istanbul on Interpol Charges

Richard Heart, founder of Hex cryptocurrency, was detained in Istanbul under an Interpol Red Notice for aggravated tax fraud.

user avatarGustavo Mendoza

MediaMarkt Saturn Ceases Sales of Ledger Devices Amid Security Concerns

MediaMarkt Saturn has stopped selling Ledger devices due to security concerns following a customer report of a hidden implant.

user avatarRajesh Kumar

Binance Expands into Traditional Finance as Mining Pool Closes

As Binance prepares to shut down its mining pool, the exchange is expanding into traditional finance by providing access to over 7,000 US stocks and ETFs for customers outside the United States.

user avatarMiguel Rodriguez

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.