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

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

user avatar

by Giorgi Kostiuk

3 months 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.

0

Share

Other news

Binance Coin Approaches All-Time High Amid Market Optimism

Binance Coin's (BNB) price nears a record high as optimistic market trends and Binance's initiatives drive significant trading activity.

user avatarGiorgi Kostiuk

3 minutes ago

Exploring New Trends in Meme Coins: BTFD Coin and Other Promising Projects

Overview of new meme coins like BTFD Coin, Goatseus Maximus, and MEW, their features and advantages.

user avatarGiorgi Kostiuk

15 minutes ago

Fans of Studio Ghibli Protest Against AI Art

Discussion of Studio Ghibli fans' criticism of AI Art and copyright issues amid new technologies.

user avatarGiorgi Kostiuk

16 minutes ago

Avalanche (AVAX) Increases Stablecoin Supply, While BinoFi Offers Promising Presale

Avalanche shows growth, but BinoFi presents unique investment opportunities in the crypto segment.

user avatarGiorgi Kostiuk

16 minutes ago

BlockDAG Raised $210.5 Million, Cardano and Dogecoin Prepare for Breakthrough

BlockDAG achieved $210.5 million in presale, while Cardano and Dogecoin continue their fight for sustainable growth.

user avatarGiorgi Kostiuk

24 minutes ago

BlockDAG Introduces Beta Testnet with Rewards: What’s Happening with Pi Coin and SUI

BlockDAG launches Beta Testnet with $60K prize pool, Pi Coin dips, and SUI recovers. An overview of current trends in the crypto market.

user avatarGiorgi Kostiuk

24 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.