Bhutan’s Gelephu Mindfulness City to Integrate Bitcoin, Other Digital Assets into Strategic Reserves
Gelephu Mindfulness City (GMC), Bhutan's Special Administration Region, plans to adopt digital assets, including bitcoin, ether, and BNB, as part of its strategic reserves.
- Gelephu Mindfulness City in Bhutan plans to recognize digital assets like Bitcoin (BTC), Ether (ETH), and BNB as part of its strategic reserves. This inclusion aims to enhance GMC's economic resilience and signifies a shift in the region's Bitcoin mining activities.
- This announcement follows the enactment of GMC Law No. 1 of 2024, also known as the "Application of Laws Act 2024," which was announced on December 26, 2024.
- The new GMC laws establish a legal framework for companies offering financial services with digital assets. By recognizing BTC, ETH, and BNB as part of its strategic reserves, the legislation aims to promote growth in a well-regulated digital asset ecosystem.
- In March 2025, GMC will hold a high-level meeting in Bhutan with global officials and industry leaders to discuss recognizing digital assets in strategic reserves and creating an international advisory panel on digital assets.
- Covering over 2,500 square kilometers near the India-Bhutan border, GMC claims to be well-positioned to serve over two billion people in the region, focusing on promoting and supporting blockchain technology.
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