The city of Gelephu, considered a special economic zone, has added Bitcoin, Ethereum (ETH), and Binance Coin (BNB) to its strategic financial reserve. The city authorities noted that the Special Administrative Region (SAR) of Gelephu is committed to the idea of ensuring economic resilience through digital assets.
In a statement from the authorities, it is indicated that these assets were chosen because they have the highest possible market capitalization and high liquidity.
Such cryptocurrencies are much easier to trade without exerting excessive influence on their price, officials emphasized.
In addition, Gelephu plans to prioritize only those tokens that are issued on 'mature' and secure blockchains, allowing for careful tracking of on-chain transactions.
It is worth noting that the city is considered the main land bridge between the rapidly growing economies of South Asia. Its strategic location provides access to the market, which can play a significant role in establishing Gelephu as a center of technological progress and financial services in the region.#USJoblessClaimsDrop #BinanceAlphaAlert #AIMarketCapDip #CryptoMarketDip #BullCyclePrediction
