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

Gelephu City in Bhutan Adopts Digital Asset Strategic Reserves

user avatar

by Giorgi Kostiuk

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Swypt Revolutionizes Payment Processing for Merchants in Kenya

chest

Swypt has transformed its payment processing model for Kenyan merchants by introducing a point-of-sale system that accepts mobile money and provides settlements in stablecoins, simplifying payments and enabling instant cross-border transactions.

user avatarLuis Flores

Swypt Targets Intra-African Trade with Innovative Payment Solutions

chest

Swypt is working on solutions to facilitate intra-African trade by connecting mobile money networks using stablecoins.

user avatarMiguel Rodriguez

Swypt Achieves 35 Million in Transaction Volume Through Community Engagement

chest

Swypt, a Kenyan payment platform, has achieved 35 million in transaction volume through a grassroots strategy focused on community engagement rather than traditional marketing.

user avatarArif Mukhtar

Franklin Templeton Expands Digital Asset Offerings with New XRP ETF

chest

Franklin Templeton has launched the Franklin XRP ETF, providing US investors with regulated exposure to XRP, the fourth-largest cryptocurrency by market capitalization.

user avatarDavid Robinson

BSC Development Activity Accelerates with BTCB, FLUX, and BNB Leading

chest

Development activity on Binance Smart Chain and Binance Chain is increasing, with BTCB, FLUX, and BNB leading in GitHub activity.

user avatarMaria Gutierrez

Ether Price Shows Signs of Recovery Amid Market Speculation

chest

Ether has climbed 2% over the past 24 hours, currently trading at around 2,900. Industry analysts are pointing to changes in futures data to argue that the crypto market may be forming a bottom. However, it remains uncertain whether bulls or bears will take over in the coming days.

user avatarJacob Williams

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.