Gelephu in Bhutan Incorporates BTC, ETH, and BNB into Strategic Reserves

user avatar

by Giorgi Kostiuk

2 years ago

Gelephu in Bhutan has become one of the first jurisdictions to officially incorporate cryptocurrencies into its strategic reserves.

Crypto as a Catalyst for Growth

Gelephu aims to become the 'Hong Kong of South Asia,' reaching over two billion people in the region. The inclusion of BTC, ETH, and BNB is part of a strategy to adopt high market cap and liquid digital assets. The recently enacted 'Application of Laws Act 2024' provides legal clarity for companies offering digital asset services, attracting businesses and boosting blockchain development in the area.

Strategic Partnerships and Vision

The Gelephu project has drawn international attention, including a partnership with the Danish architecture firm Bjarke Ingels Group (BIG), which is opening an office in Bhutan. In March 2025, a meeting with government officials and industry leaders is planned to discuss the integration of digital assets into reserves and to form an international advisory panel.

Bhutan’s Lead in Sustainable Crypto Adoption

Bhutan's crypto adoption sets it apart from neighboring countries like India. Bhutan holds $1 billion in Bitcoin compared to El Salvador's $335 million. Its success is attributed to the ability to power large-scale Bitcoin mining with hydropower, which accounts for 30% of GDP and has the potential to generate 23,760 MW of electricity.

Bhutan and Gelephu continue to lead the way in integrating cryptocurrencies into the economy, providing an example for other countries in the region.

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

Hut 8 Wins Bid for Poolin's Texas Datacenter Sites

Hut 8 has successfully bid $140 million for two datacenter sites owned by the bankrupt mining company Poolin.

user avatarLucas Weissmann

Senate Banking Committee Democrats Request Hearing on Prediction Markets

Democratic members of the Senate Banking Committee request a public hearing to examine the growing issue of prediction markets and their regulatory implications.

user avatarFilippo Romano

Crypto Economic Activity Remains Strong Despite Market Downturn

Crypto economic activity has shown resilience despite a significant drop in market capitalization, indicating a shift in market dynamics.

user avatarEmily Carter

Visa's Research Highlights Trust as a Barrier to Stablecoin Adoption

Visa's research highlights that trust and fraud protection are essential for stablecoin adoption, with 36% of US respondents considering their use, especially with bank-level protections.

user avatarTomas Novak

Cardano's Onchain Governance Approves New Treasury Allocations

Cardano's governance system has approved a new round of treasury allocations aimed at infrastructure and ecosystem development.

user avatarKaterina Papadopoulou

Galaxy Invests $100 Million in Onchain Credit Infrastructure

Galaxy has invested $100 million in Sky Protocol's yield-bearing sUSDS, integrating it into its corporate treasury and allowing it as collateral for institutional trading.

user avatarMaya Lundqvist

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.