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

Gelephu in Bhutan Enhances Reserves with Cryptocurrencies

user avatar

by Giorgi Kostiuk

3 months ago


Gelephu, a special administrative region in Bhutan, announced plans to incorporate Bitcoin, Ethereum, and Binance Coin into its strategic reserves. This move positions Gelephu among the first jurisdictions globally to incorporate digital assets into its financial strategy.

Crypto as a Catalyst for Economic Growth

Gelephu's decision reflects its ambition to become the 'Hong Kong of South Asia.' The city aims to cater to over two billion people in the region. By including mature digital assets with high market capitalization and liquidity, such as BTC, ETH, and BNB, Gelephu seeks to ensure transparency and security through on-chain transaction monitoring. The enactment of the 'Application of Laws Act 2024' provides a legal framework for companies offering financial services involving digital assets, expected to boost business influx and blockchain adoption.

Strategic Partnerships and Vision

Gelephu's development has drawn international attention, including a partnership with Danish architecture firm Bjarke Ingels Group (BIG). BIG is opening an office in Bhutan to participate in the city's development and nurture design talent. The city also plans to host a high-level meeting in March 2025, bringing together government officials and industry leaders to discuss integrating digital assets into strategic reserves.

Bhutan’s Lead in Sustainable Crypto Adoption

Bhutan's crypto journey sets it apart from neighboring countries like India, which remain cautious toward digital assets. Bhutan holds a leading position thanks to its unique ability to harness hydropower for large-scale Bitcoin mining. This enables the country to generate significant electricity, supporting the economy and ensuring sustainable technology use.

The decision to integrate digital assets into strategic reserves opens new opportunities for economic growth and development in Bhutan. Gelephu is taking bold steps toward becoming a city that defines the future of crypto economics in South Asia.

0

Share

Other news

Rapid Rise of MAGACOINFINANCE: New Prospects in the Crypto Market

Long-term Solana and Ripple holders focus on MAGACOINFINANCE with its promising prospects and innovative offers.

user avatarGiorgi Kostiuk

9 minutes ago

Neuralink Launches International Recruitment for Brain Chip Trials

Neuralink has opened a global recruitment program for brain chip trials, potentially transforming neurotechnology.

user avatarGiorgi Kostiuk

9 minutes ago

Fear and Greed Index Drops: Impact of Trump's Tariffs on Crypto Market

The Fear and Greed Index fell to 25 after Trump's tariff announcement, impacting the crypto market.

user avatarGiorgi Kostiuk

18 minutes ago

Galaxy Digital Strengthens with FCA License for UK Derivatives Trading

Galaxy Digital secures FCA license for UK derivatives trading, bolstering its position in the digital asset market.

user avatarGiorgi Kostiuk

19 minutes ago

Arctic Pablo Coin: Leading Meme Coin of 2025

Arctic Pablo Coin ($APC) is a promising meme coin with a unique narrative. We explore its potential and compare it to SPX6900.

user avatarGiorgi Kostiuk

19 minutes ago

AI Brings Back Voice to Paralysis Patient After Stroke

AI restores speech to paralyzed patient, creating new avenues in medicine and communication.

user avatarGiorgi Kostiuk

19 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.