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Gelephu Mindfulness City (GMC) in Bhutan has announced its intention to include Bitcoin, Ethereum, and Binance Coin in its strategic reserves, marking a significant step in digital asset adoption. This initiative aims to enhance economic diversification and solidify GMC's role in blockchain technology and Bitcoin mining.Following the passage of the 'Application of Laws Act 2024', GMC is establishing a robust legal framework for digital asset-related financial services. An international conference in March 2025 will further explore the recognition of digital assets as strategic assets, positioning GMC as a leader in the evolving digital economy.
Gelephu Mindfulness City (GMC) in Bhutan plans to incorporate Bitcoin, Ethereum, and BNB into its strategic reserves, marking a pioneering move for Special Administrative Regions. This initiative aims to enhance economic resilience and is part of a broader strategy to leverage digital assets and Bitcoin mining for economic growth.The city, envisioned as a sustainable urban model, will be powered entirely by renewable energy and is strategically located to serve over two billion people in South Asia. With new digital asset laws in place, GMC is set to become a hub for digital innovation and blockchain technology.
Bhutan's Gelephu Mindfulness City (GMC) has officially recognized Bitcoin, Ethereum, and Binance Coin as strategic reserve assets, making it a pioneer in integrating digital currencies into reserve strategies. This decision follows the enactment of GMC Law No. 1 of 2024, which establishes a legal framework for digital asset services.Additionally, Bhutan has emerged as a significant player in the Bitcoin space, holding 13,036 BTC valued at $770 million, which constitutes nearly 27.9% of its GDP, surpassing El Salvador's holdings. A high-level meeting in March 2025 will further discuss the incorporation of digital assets into strategic reserves.
Bhutan's Gelephu Mindfulness City (GMC) plans to establish a strategic cryptocurrency reserve, including major assets like Bitcoin and Ether, to enhance economic resilience and capitalize on Bitcoin mining opportunities. The initiative, which will involve discussions with government officials and industry leaders in March, aims to recognize multiple established cryptocurrencies for liquidity and security. The GMC project, envisioned as an economic corridor between South Asia and Southeast Asia, is set to be completed in 21 years and follows Bhutan's existing holdings of $1.1 billion in Bitcoin and other digital assets.
Changpeng Zhao, co-founder of Binance, announced that Bhutan's Gelephu Mindfulness City has adopted Binance Coin (BNB), Bitcoin (BTC), and Ethereum (ETH) as part of its strategic reserves. This move aims to enhance economic resilience and facilitate Bitcoin mining in the region. The city plans to include other cryptocurrencies from secure blockchains to ensure liquidity and minimal price impact during transactions.
2025 is poised to be a pivotal year for the crypto industry, driven by Bitcoin's mainstream adoption and institutional interest. With nearly $130 billion in US Bitcoin ETFs and growing corporate and pension fund investments, Bitcoin is increasingly viewed as a hedge against fiat devaluation.The pro-crypto stance of the new US administration, alongside regulatory changes, is expected to enhance market integration and trading. Meanwhile, blockchain technology continues to gain traction, with daily active addresses surpassing ten million, signaling a transformative shift in global financial systems.
Bhutan's Gelephu Mindfulness City is set to include Bitcoin, Ethereum, and Binance Coin in its strategic reserves, marking a significant step in its economic strategy. This initiative aims to enhance economic resilience and follows the establishment of a legal framework for digital assets in the region. With over $1 billion already invested in Bitcoin, Bhutan continues to pioneer the integration of cryptocurrencies into its financial landscape.
Gelephu Mindfulness City in Bhutan plans to integrate Bitcoin, Ethereum, and Binance Coin into its strategic reserves, marking a significant step in the region's digital economy. This initiative follows the introduction of a new legal framework for digital assets, enhancing the city's regulatory environment. Bhutan, now fifth globally in Bitcoin holdings, aims to foster innovation while ensuring a secure ecosystem for digital currencies.
Fidelity Digital Assets predicts that nation-state adoption of Bitcoin as a strategic reserve in 2025 will significantly boost the crypto market. Analysts suggest that countries may follow the examples of Bhutan and El Salvador, with potential risks for those not investing in Bitcoin amid economic challenges. Additionally, the rise of digital asset products and tokenization is expected to transform financial services, marking the beginning of a new era for digital assets.
Switzerland is considering a proposal to add Bitcoin to its national reserves alongside gold, backed by ten crypto advocates. The initiative, requiring 100,000 signatures within 18 months, aims to amend the Swiss Constitution to allow the Swiss National Bank to hold Bitcoin. Despite the push, concerns over Bitcoin's volatility and energy use persist among financial authorities.
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