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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Micron Stock Remains Bullish Amid HBM and DRAM Shortages

chest

Micron's stock forecast remains optimistic due to ongoing shortages in HBM and DRAM supplies, despite some analysts trimming their price targets.

user avatarAndrew Smith

AI Developers Call for Enhanced Cybersecurity Measures

chest

AI developers, including OpenAI and Anthropic, call for enhanced cybersecurity measures to combat the rising threat of AI-enabled cyberattacks on critical infrastructure.

user avatarJacob Williams

Analysts Predict Bitcoin Surge Could Benefit Shiba Inu

chest

Wall Street analysts predict that Bitcoin could reach 100,000 by the end of the year, which may positively impact Shiba Inu's price.

user avatarZainab Kamara

Shiba Inu SHIB Faces Price Correction After Brief Recovery

chest

Shiba Inu's price briefly reclaimed the 0000006 level but has since dipped to 0000005, indicating potential for further decline.

user avatarSon Min-ho

OpenAI Launches New Agentic Browser Feature for ChatGPT Work

chest

OpenAI has launched a new agentic browser feature in ChatGPT Work, allowing the AI to manage tasks on login-protected sites while maintaining session persistence.

user avatarAyman Ben Youssef

Surge in AI-Generated Vulnerabilities Threatens Bitcoin Security

chest

The Bitcoin Red Team reports a surge in AI-assisted vulnerability findings across Bitcoin projects, highlighting the urgency of addressing security flaws.

user avatarTando Nkube

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.