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Gelephu Mindfulness City (GMC) in Bhutan has revealed plans for inclusion Bitcoin, Ethereumand BNB Bank In its strategic reserve assets, according to a report dated January 8 statement.
This decision marks a milestone as GMC becomes one of the first Special Administrative Regions (SARs) to integrate digital assets into its reserves.
GMC emphasized its preference for digital assets with high market capitalization and significant liquidity. These standards ensure smooth trading with minimal price disruptions. In addition, the city plans to focus on assets issued on secure blockchains that support transparent cross-chain transaction monitoring.
The initiative aims to enhance the city’s economic resilience and build on its involvement in Bitcoin mining.
Binance CEO Richard Teng He said:
“Congratulations to Bhutan for leading the way in cryptocurrency innovation! This progressive approach to adopting blockchain technology sets a powerful example for the world.”
GMC?
The King of Bhutan, Jigme Khesar Namgyel Wangchuk, envisioned GMC as a model of sustainable urban living that combined Bhutanese tradition with modern consciousness and principles of technological advancement. GMC will be powered entirely by renewable energy, leveraging primarily Bhutan’s abundant hydropower resources
The city is located on a strategic land bridge between the thriving economies of South Asia and is well positioned to serve more than two billion people in the region. The project is expected to be completed within 21 years First stage Accommodating about 150,000 people.
According to its website, the city aims to become a central hub for digital innovation and blockchain technology. Efforts in this regard have begun, as evidenced by the enactment of new digital asset laws in December.
These regulations establish a legal framework for companies involved in digital assets and create a regulated environment for innovation.
In March, GMC will host a meeting with senior officials and industry leaders in Bhutan. The agenda includes discussions on integrating digital assets into strategic reserves and forming an international advisory committee on digital assets.
Bhutan’s broader Bitcoin strategy
Aside from GMC’s efforts, Bhutan sets a model for developing countries through… Leveraging Bitcoin mining to boost its economy.
On the chain Data Arkham Intelligence has revealed that Druk Holding and Investments, Bhutan’s sovereign investment arm, owns $1.12 billion worth of Bitcoin.
This places Bhutan in fifth place globally among countries that own Bitcoin, after the United States, China, the United Kingdom and Ukraine.
The government uses major mining pools such as AntPool, Brains and Foundry, powered by clean and affordable hydroelectric power.
