Gelephu Mindfulness City (GMC) in Bhutan has announced a significant move to include digital assets such as Bitcoin (BTC), Ether (ETH), and BNB in its official strategic reserves.
Innovative Asset Strategy
This move makes GMC one of the first regions in the world to officially incorporate cryptocurrencies into its reserves. The decision is part of the city's broader strategy to ensure economic resilience and asset diversification. By including highly liquid and secure digital assets, GMC aims to ensure easy access to reserves and minimal market impact during trading.
Geopolitical and Economic Significance of GMC
Located strategically between rapidly growing South Asian economies, GMC serves over two billion people in the region. One of its main economic focuses is the promotion and support of blockchain technology and innovative technologies. The recent enactment of GMC Law No. 1 of 2024 establishes a legal framework for businesses offering digital asset financial services.
Future Events and Initiatives
To enhance global collaboration, a high-level meeting will take place in March 2025 in GMC. Senior government officials and industry leaders from around the world will gather to discuss the inclusion of digital assets in national reserves and the formation of an international advisory panel for digital assets.
This initiative reflects Gelephu Mindfulness City's commitment to enhancing economic resilience and supporting digital assets, possibly serving as a model for other regions.
