📢Global First: Bhutan's Gelephu announces inclusion of Bitcoin in its city strategic reserve
On January 8, 2025, Bhutan's Gelephu Mindfulness City (GMC) announced an innovative move to include digital assets such as Bitcoin (BTC), Ethereum (ETH) and BNB in its city strategic reserve.
This decision also makes GMC one of the first regions/cities in the world to officially include digital assets as strategic reserves, marking the further exploration and confidence of the Special Administrative Region of Bhutan in economic resilience and Bitcoin mining.
It is reported that GMC's strategic reserve plan will focus on digital assets with large market capitalization and excellent liquidity. Such a choice is intended to ensure that the transaction process of assets is simple and fast, while minimizing the impact on the market when asset prices fluctuate.
In addition, GMC also specifically recognizes digital assets issued on mature and secure blockchains, so that the blockchain platform can support the monitoring of related asset transactions, thereby enhancing the security and transparency of GMC's strategic reserves.
It is worth noting that GMC is located on a land bridge connecting the fast-growing economies of South Asia, with a unique geographical advantage to provide relevant services to more than 2 billion people in the region. Officials said that this move will enhance the economic resilience of the administrative region and continue its exploration in the field of Bitcoin mining.
At the same time, GMC also plans to convene a high-level meeting of senior government officials and industry leaders from all over the world in the Kingdom of Bhutan in March 2025 to discuss the inclusion of digital assets in the strategic reserves of a jurisdiction and the establishment of an international advisory group on digital assets for GMC.
The announcement was made after the implementation of GMC Law No. 1 of 2024 on December 26, 2024, which established a corresponding legal and regulatory system for GMC, with the aim of promoting GMC to develop a digital asset ecosystem in an environment of continuous technological advancement and sound regulation.
💬What do you think of Gelephu Mindfulness City's decision to include Bitcoin in its strategic reserves? Does this indicate the growing importance of digital assets in the global economy?
