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

China Launches Investigation into AI Labs for Data Misuse

China has launched an investigation into AI labs DeepSeek and Moonshot AI for allegedly routing sensitive user data to Anthropics servers.

user avatarNguyen Van Long

Lion Group Holding Adds HYPE Tokens to Corporate Treasury

Lion Group Holding has disclosed a corporate treasury position of approximately 195,000 HYPE tokens, marking a significant move in corporate crypto asset holdings.

user avatarSatoshi Nakamura

Zcash ETP Gains Traction Amidst Market Surge

Zcash has seen a remarkable price increase this year, with gains exceeding 2,700%, fueled by the launch of the Zcash exchange-traded product (ETP) by 21Shares, providing a regulated way for investors to gain exposure to Zcash.

user avatarJesper Sørensen

21Shares Launches Europe's First Zcash ETP

21Shares has launched the first Zcash ETP in Europe, available on Euronext Paris and Amsterdam, with a 25% management fee.

user avatarRajesh Kumar

Valour Introduces AI-Driven Smart Crypto Fund SP

Valour has launched the Smart Crypto Fund SP, featuring an AI-driven allocation engine that dynamically adjusts exposure among major digital assets.

user avatarLucas Weissmann

US Spot Bitcoin ETFs Experience Nearly $1 Billion Inflows

On September 21, US spot Bitcoin ETFs recorded nearly $1 billion in net inflows, marking the largest single-session total of 2026.

user avatarEmily Carter

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.