During a recent visit to Bhutan, Binance CEO Richard Teng highlighted how cryptocurrency aligns with the country's Gross National Happiness (GNH) philosophy, which prioritizes well-being over economic growth. At a media event, Teng emphasized that the core values of crypto—financial freedom and inclusion—resonate with Bhutan's focus on collective happiness. He noted that while crypto's speculative nature may seem contrary to GNH principles, the technology can empower individuals, particularly in underbanked regions. Teng shared examples of people achieving financial independence through digital assets, suggesting Bhutan could see similar benefits. The Bhutanese government, under King Jigme Khesar Namgyel Wangchuck, is integrating digital assets into its development strategy, including hydro-powered Bitcoin mining and accumulating over 13,000 BTC, making it the fifth-largest Bitcoin holder globally. Additionally, Bhutan has begun accepting crypto payments via Binance to enhance tourism, although challenges like unreliable internet connectivity remain. Overall, Teng believes that crypto adoption can enhance the well-being and happiness of the Bhutanese people. Read more AI-generated news on: https://app.chaingpt.org/news

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