Bhutan Allocates 10,000 Bitcoin to Develop Gelephu Mindfulness City

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The Kingdom of Bhutan says it will tap into 10,000 Bitcoin from its stash to help build its special administrative region, the Gelephu Mindfulness City (GMC).

Located in the town of Gelephu in Southern Bhutan, GMC was launched in 2024 as Bhutan’s new economic hub to stop the exodus of young Bhutanese from the country by creating high-value local jobs.

It is designed to attract businesses in various sectors, including finance, tourism, green energy, technology, healthcare, and agriculture.

The city offers regulatory flexibility for crypto and fintech…



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Bhutan Allocates 10,000 Bitcoin to Develop Gelephu Mindfulness City


The Kingdom of Bhutan says it will tap into 10,000 Bitcoin from its stash to help build its special administrative region, the Gelephu Mindfulness City (GMC).

Located in the town of Gelephu in Southern Bhutan, GMC was launched in 2024 as Bhutan’s new economic hub to stop the exodus of young Bhutanese from the country by creating high-value local jobs.

It is designed to attract businesses in various sectors, including finance, tourism, green energy, technology, healthcare, and agriculture.

The city offers regulatory flexibility for crypto and fintech…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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