Bhutan is creating a new wave in the field of cryptocurrency as the special administrative region of Gelephu Mindfulness City (GMC) announces it will include Bitcoin, Ethereum, and Binance Coin in its strategic reserves. This is an important step towards building a blockchain hub in South Asia while promoting sustainable and innovative development.

The grand plan of Gelephu Mindfulness City

GMC, located in the southern plain area, is aiming to become an urban center linked with three core values: mindfulness, sustainability, and innovation. According to an official statement on January 10, 2024, this area will officially introduce digital assets into the national reserves.

The plan focuses on assets with:

  • Large market capitalization,

  • High liquidity,

  • Mature blockchain infrastructure,
    to ensure transparency and economic resilience.

Bhutan: A leading country in Bitcoin

  • Druk Holding & Investments (DHI), the national investment company of Bhutan, has quietly mined over 13,000 Bitcoin since 2019, with an estimated value of 750 million USD.

  • Bhutan is currently among the largest holders of Bitcoin in the world, surpassing El Salvador (5,995 BTC).

This aligns with global trends, as countries such as El Salvador, the Central African Republic, and even the United States are considering expanding their Bitcoin reserves to combat inflation, currency devaluation, and financial deficits.

Outstanding activities and future strategies

  • New legal framework: Bhutan has enacted the "2024 Application Law", providing clear regulations for digital asset services.

  • International conference: Gelephu Mindfulness City will host a global conference in March 2024 to discuss the integration of digital assets into strategic reserves.

Conclusion

Bhutan is showing great ambition to integrate cryptocurrency into the national economic system, with Gelephu Mindfulness City leading this movement. This is not only an opportunity to strengthen reserves but also to lay the foundation for blockchain development in South Asia.

⚠️ Risk warning: Cryptocurrency is a highly volatile asset. Please consider carefully before participating in investments.