Bhutan SAR Pioneers Crypto Integration in Strategic Reserves
The Gelepu Mindfulness City (GMC) of the Special Administrative Region of Bhutan (SAR) has included digital assets such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) into its strategic reserves.
The move makes the GMC one of the first jurisdictions in the world to officially adopt cryptocurrencies as part of its financial strategy.
Bhutan takes the lead in establishing cryptocurrency-based strategic reserves
The official announcement underscores the District’s commitment to increasing economic resiliency by incorporating digital assets.
“Including digital assets into the GMC’s strategic reserves will enhance the District’s economic resiliency and reflect the evolution of the jurisdiction’s participation in Bitcoin mining,” point out.
The city’s strategic focus is on digital assets with large market capitalization and high liquidity. This will ensure they can be traded easily with minimal price impact. Additionally, GMC plans to prioritize assets issued on mature, secure blockchains to enable robust on-chain transaction monitoring.
The GMC’s strategic position as a land bridge between South Asia’s rapidly growing economies provides access to a vast market. This advantage makes the District a center of technological advancement and financial services.
“GMC aims to become the Hong Kong of South Asia”, Wu Blockchain joke.
Notably, this development follows the enactment of the GMC Act No. 1 of 2024, also known as the “Application of Laws Act 2024”. The legislation, which will be implemented on December 26, 2024, establishes a regulatory framework for companies within the GMC that provide digital asset-related financial services.
By combining this legal foundation with the recognition of BTC, ETH, and BNB as strategic reserve assets, the SAR aims to foster a thriving digital asset ecosystem in a safe and well-regulated environment.
In order to further consolidate its position in the global cryptocurrency field, GMC plans to host a high-level meeting in March 2025. The conference will bring together senior government officials and industry leaders from around the world for a summit. The meeting will discuss the recognition of digital assets as part of the strategic reserve and explore the creation of an international advisory group on digital assets for the GMC.
BNB’s designation as a strategic reserve asset has attracted great attention from the cryptocurrency community. Binance founder and former CEO Changpeng Zhao (CZ) praised the decision in a post on X (Twitter).
“BNB is now Bhutan’s strategic reserve asset,” CZ shared.
According to BNB Chain, Binance Coin BNB was chosen for its utility in the ecosystem, along with BTC and ETH. Network also Highlights The maturity of BNB Chain, Safetyand scalability. It also demonstrated its ability to support on-chain transaction monitoring for greater transparency.
Prominent cryptocurrency veteran Kyle Chasse expressed his excitement, praise Bhutan bets on cryptocurrencies. At the same time, this groundbreaking move by the GMC reflects the growing role of cryptocurrencies in the country’s financial strategy. Bhutan’s decision is in line with a broader global trend towards the adoption of crypto-assets as reserves.
According to BeInCrypto, czech national bank is considering adding Bitcoin to its reserves. Likewise, Bitcoin reserves are gaining momentum in the United States, 13 states leading the way in 2025.
Switzerland It is also considering holding Bitcoin as a strategic reserve, further highlighting the growing role of cryptocurrencies in financial innovation.
These moves reflect the growing role of cryptocurrencies in the country’s financial strategy. By incorporating digital assets into its reserves, the GMC strengthens economic resilience while paving the way for wider adoption of blockchain technology in the region.
As other jurisdictions focus on Bhutan’s progress, this bold move could inspire similar efforts around the world. Such an outcome would redefine how countries achieve financial innovation and technological advancement.
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