Gelephu Mindfulness City (GMC), Bhutan's Special Administrative Region, plans to include Bitcoin, Ether, and BNB in its strategic reserves to strengthen economic resilience and support blockchain innovation.
Blockchain's Role in Economic Strategy
Located strategically between South and Southeast Asia, GMC aims to serve over two billion people. Adopting large-market-cap digital assets ensures liquidity and minimal price impact. Secure blockchains enable effective monitoring, aligning with the city's progressive, well-regulated approach.
Strategic Impacts and Upcoming Initiatives
GMC plans a high-level meeting in March 2025 with government and industry leaders. An international advisory panel is also planned, highlighting their leadership in blockchain adoption.
Financial Context and Development Plans
Bhutan holds significant crypto assets, including 11,688 BTC and 656 ETH, according to Arkham Intelligence. A $100 million bond has been announced to fund the GMC project, envisioned to create an economic corridor linking South and Southeast Asia.
GMC's move to adopt cryptocurrencies in its reserves is a significant step towards modernization and blockchain technology advancement in the region.
