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The Swiss canton of Bern has approved a bill to study Bitcoin mining as a method to utilize excess electricity, aiming to attract mining companies. Despite local government concerns about energy consumption and regulatory challenges, the legislation mandates a report on how Bitcoin mining can stabilize the grid and leverage surplus energy. Switzerland's favorable conditions, including abundant hydropower and a cool climate, position it as a potential hub for mining operations.
Switzerland's Canton Bern has passed a historic bill to assess the impact of Bitcoin mining, with 85 lawmakers in favor and 46 against. The report will explore Bitcoin mining's potential to stabilize the energy grid and utilize wasted energy, further solidifying Switzerland's position as a crypto-friendly nation. This move follows a broader trend of countries like El Salvador and Bhutan engaging in Bitcoin mining, while companies like MicroStrategy adopt Bitcoin as a strategic reserve asset.
Bhutan is exploring a $22.5 billion plan to expand its hydropower capacity by 15 gigawatts by 2040, utilizing blended finance and green bonds to stimulate its economy. With existing capacity at 2.4 gigawatts and 3.1 gigawatts under construction, the initiative aims to attract foreign investment and create jobs, including plans for a 1,000-square-kilometer technology and finance hub.
Bhutan is exploring funding options for a $22.5 billion expansion of its hydropower capacity, aiming to add 15 gigawatts by 2040. The initiative will utilize a combination of blended finance and green bonds to support the country's economic revival, according to Ujjwal Deep Dahal, CEO of Druk Holding and Investments Ltd.
India is expanding its mobile-payment linkages with several countries, according to a senior official from the Reserve Bank of India. Current arrangements include partnerships with Sri Lanka, Bhutan, and Nepal, with ongoing discussions for collaborations with the UAE and other neighboring nations.
A record-breaking crypto rally originating in the US has significantly impacted Asia, with Bhutan"s Bitcoin holdings surpassing $1 billion and a notable increase in digital-asset trading volumes in South Korea. The market has surged by over $800 billion since Donald Trump"s election, fueled by optimism about the US becoming a global crypto hub.
Tata Power has partnered with a Bhutanese firm to develop 5,000 MW of clean energy, aligning with Bhutan"s goal to increase its total generation capacity to 25,000 MW by 2040. This initiative aims to diversify Bhutan"s energy portfolio beyond hydropower, incorporating solar and geothermal sources.
The EMRO region's recent discussions highlighted the severe impact of conflicts in Gaza, Sudan, Yemen, and Lebanon on health infrastructure, with calls for solidarity and global cooperation to address health crises. WHO's Director General urged member states to finalize Pandemic Agreement negotiations and participate in a $7 billion investment initiative to support the organization's budget. Meanwhile, the South-East Asian regional meeting adopted resolutions on adolescent health and celebrated significant health achievements despite political unrest in Bangladesh.
Gautam Adani is in discussions for infrastructure projects in Bhutan's new Gelephu Mindfulness City, as the country seeks investment for a mega township near its border with India. The Adani Group is negotiating with the government to establish solar and hydroelectric plants in the region's 1,000-square-kilometer flatlands, according to Lotay Tshering, the newly-appointed governor.
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