Gelephu Mindfulness City, Bhutan – [January 8, 2025] Gelephu Mindfulness City (GMC), Bhutan’s new Special Administration Region, today announced its intention to recognise digital assets such as Bitcoin (BTC), Ether (ETH) and BNB as part of its strategic reserves, making the Special Administrative Region (SAR) one of the first jurisdictions to officially hold digital assets as part of its strategic reserves. The inclusion of digital assets in the GMC’s strategic reserves will enhance the SAR’s economic resilience, and is an evolution of the jurisdiction’s involvement in bitcoin mining.
For its strategic reserves, GMC intends to recognise digital assets that have large market capitalisations and deep liquidity to ensure that they can be easily bought and sold with minimal price impact. In addition, GMC will look to recognise digital assets that are issued on more mature, secure blockchains that support monitoring of on-chain transactions.
Source: https://gmc.bt/digitalassets/
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