Bhutan’s GMC Adopts Bitcoin, Ethereum, and BNB as Reserve Assets

BE[IN]CRYPTO01-08 20:00

Bhutan’s Gelephu Mindfulness City adopts Bitcoin, Ethereum, and BNB as strategic reserve assets, boosting economic resilience. GMC aims to foster a secure crypto ecosystem, backed by legal frameworks ...

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The networ","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ETH":"Grayscale Ethereum Mini Trust","EZET":"Franklin Ethereum Etf","BK4601":"加密货币现货ETF","BTC":"Grayscale Bitcoin Mini Trust","QETH":"Invesco Galaxy Ethereum ETF","SAR":"Saratoga Investment Corp","BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念","ETHV":"Vaneck Ethereum ETF","CETH":"21Shares Core Ethereum ETF","BK4588":"碎股","FETH":"Fidelity Ethereum Fund","BK4135":"资产管理与托管银行"},"translate_title":"不丹GMC采用比特币、以太币和BNB作为储备资产","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FETH":1,"EZET":1,"ETHV":1,"ETH":1,"CETH":1,"BTC":1,"QETH":1,"SAR":1},"content_text":"Bhutan’s Gelephu Mindfulness City adopts Bitcoin, Ethereum, and BNB as strategic reserve assets, boosting economic resilience.\nGMC aims to foster a secure crypto ecosystem, backed by legal frameworks and mature, high-liquidity digital assets.\nGlobal crypto adoption gains traction, with Bhutan’s move mirroring efforts in the Czech Republic, U.S. states, and Switzerland.\n\nGelephu Mindfulness City (GMC), a Special Administrative Region (SAR) in Bhutan, has incorporated digital assets like Bitcoin (BTC), Ether (ETH), and Binance Coin (BNB) into its strategic reserves.\nThis move positions GMC as one of the first jurisdictions globally to officially adopt cryptocurrencies as part of its financial strategy.\nBhutan Pioneers Crypto-Based Strategic Reserve\nThe official announcement highlighted the SAR’s commitment to economic resilience through the inclusion of digital assets.\n\n“The inclusion of digital assets in GMC’s strategic reserves will enhance the SAR’s economic resilience and reflects an evolution of the jurisdiction’s involvement in bitcoin mining,” it stated.\n\nThe city’s strategy focuses on digital assets with large market capitalizations and deep liquidity. This will ensure they can be easily traded with minimal price impact. Furthermore, GMC plans to prioritize assets issued on mature, secure blockchains that allow for strong on-chain transaction monitoring.\nGMC’s strategic position as a land bridge between South Asia’s rapidly growing economies provides access to a vast market. This advantage positions the SAR to emerge as a hub for technological advancement and financial services.\n\n“GMC aims to become the Hong Kong of South Asia,” Wu Blockchain quipped. \n\nNotably, this development follows the enactment of GMC Law No. 1 of 2024, also known as the ‘Application of Laws Act 2024.’ The legislation, implemented on December 26, 2024, established a regulatory framework for companies offering digital asset-related financial services within GMC. \nBy coupling 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 within a secure and well-regulated environment.\nTo cement its role in the global crypto playing field further, GMC plans to host a high-level meeting in March 2025. The meeting will gather senior government officials and industry leaders from around the world at a summit. This gathering will address the recognition of digital assets as part of strategic reserves and explore the creation of an international advisory panel on digital assets for GMC.\nThe recognition of BNB as a strategic reserve asset has drawn significant attention from the crypto community. Binance founder and former CEO Changpeng Zhao (CZ) hailed the decision in a post on X (Twitter). \n\n “BNB is now a Strategic Reserve asset in Bhutan,” CZ shared.\n\nAccording to BNB Chain, Binance Coin BNB was selected alongside BTC and ETH due to its utility within the ecosystem. The network also highlights BNB Chain’s maturity, security, and scalability. It also indicated its ability to support on-chain transaction monitoring for transparency.\nKyle Chasse, a prominent crypto veteran, expressed his excitement, lauding Bhutan for its move to bet on crypto. Meanwhile, this pioneering move by GMC reflects the growing role of cryptocurrencies in national financial strategies. Bhutan’s decision aligns with a broader global trend of adopting crypto assets for reserves.\nAs BeInCrypto reported, the Czech National Bank is considering incorporating Bitcoin into its reserves. Similarly, Bitcoin reserves are gaining momentum in the United States, with 13 states leading the way in 2025. \nSwitzerland is also contemplating holding Bitcoin as a strategic reserve, further highlighting the increasing role of cryptocurrencies in financial innovation.\nThese moves reflect the growing role of cryptocurrencies in national financial strategies. By integrating digital assets into its reserves, GMC boosts its economic resilience while paving the way for wider adoption of blockchain technology in the region.\nAs other jurisdictions monitor Bhutan’s progress, this bold initiative may inspire similar efforts worldwide. Such an outcome would redefine how nations approach financial innovation and technological advancement.\n\n\n\n\nBest crypto platforms in Europe | January 2025\n\n\n\nWirex\nExplore\n                      \n\n\n\n\n\nYouHodler\nExplore\n                      \n\n\n\n\n\neToro\nExplore\n                      \n\n\n\n\n\nPhemex\nExplore\n                      \n\n\n\n\n\nMargex\nExplore\n                      \n\n\n\n\n\n\n\n\nBest crypto platforms in Europe | January 2025\n\n\nWirex\n\n\n\n\n\n\n\n\nYouHodler\n\n\n\n\n\n\n\n\neToro\n\n\n\n\n\n\n\n\nPhemex\n\n\n\n\n\n\n\n\nMargex","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2501722789"}