Gelephu, a special administrative region in Bhutan, announced plans to include Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) in its strategic reserves.
Crypto as a Catalyst for Growth
Gelephu aims to transform into the 'Hong Kong of South Asia,' planning to serve over two billion people in the region. This strategy involves adopting digital assets with high market cap and liquidity to foster economic growth and provide legal frameworks for companies dealing with digital assets.
Strategic Partnerships and Vision
Gelephu's development has drawn international attention, including a collaboration with the Danish architectural firm Bjarke Ingels Group (BIG). BIG will open an office in Bhutan to foster design talent and advance the country's architectural growth. In March 2025, Gelephu will host a high-level meeting with government and industry leaders to discuss digital asset integration.
Bhutan's Leadership in Sustainable Crypto Adoption
Bhutan stands out with its advanced approach to cryptocurrencies fueled by hydropower, accounting for 30% of its GDP and generating 23,760 MW. This enables Bhutan to hold $1 billion in Bitcoin, significantly surpassing countries like El Salvador.
Gelephu in Bhutan showcases a progressive approach to integrating cryptocurrencies into its economy, positioning the region as an important player on the global crypto map.
