Bhutan’s Gelephu Mindfulness City wants to set up a strategic reserve with several established cryptocurrencies.
A new economic hub in Bhutan plans to set up a strategic cryptocurrency reserve comprising major crypto assets, including Bitcoin and Ether.
In a Jan. 8 announcement, Bhutan’s Gelephu Special Administrative Region (SAR), also known as Gelephu Mindfulness City (GMC), revealed plans to recognize digital assets such as Bitcoin (BTC), Ether (ETH) and BNB (BNB) as part of its strategic reserves.
Including digital assets in the GMC’s strategic reserves aims to enhance the jurisdiction’s economic resilience and offer new opportunities from its involvement in Bitcoin mining.
