Bhutan News

Bhutan is quietly building a low-carbon Bitcoin economy using hydropower, sovereign capital and clear regulatory guardrails.

FDIC reveals a path for bank-issued stablecoins under the GENIUS Act as corporate BTC treasuries expand, Anchorage buys Securitize’s RIA arm and Bhutan taps reserves.

It’s estimated that Bhutan has around 11,286 Bitcoin in total, a stash worth over $986 million, making it the fifth-largest known holder among countries.

Bhutan signs an MoU with Cumberland DRW to support Bitcoin reserve management and explore stablecoins, mining and AI compute in Gelephu Mindfulness City.

The Himalayan Kingdom mines Bitcoin, holds digital asset reserves and has embraced blockchain technology to modernize its financial system.

The small nation’s Ether staking adds to its expanding blockchain activity as it remains one of the few governments holding Bitcoin.

The Kingdom of Bhutan has tapped Ethereum to store the national identities of its roughly 800,000 citizens, leveraging the network’s immutability and decentralization.

Analysts are warning of a potential investor “recalibration” for short-term market volatility, which has historically occurred after US interest rate cuts.

Developing nations can use crypto to bypass financial constraints, hedge inflation and attract investment. Emerging economies are discovering crypto’s power.

Five years after our last global crypto policy review, America leads a pro-crypto shift while China retreats, and new “sovereign innovators” like El Salvador chart bold paths.

Bhutan’s unique naming culture and values of sovereignty make it a strong candidate for adopting blockchain-based identity systems.

Bhutan’s government has moved $74 million in Bitcoin to Binance over two weeks, possibly cashing in as the asset hits new all-time highs.

Damcho Rinzin, the director of Bhutan’s Department of Tourism, said the sector has struggled because of its payment infrastructure.

Binance CEO Richard Teng said crypto aligns with Bhutan’s happiness-first policy, highlighting financial freedom and innovation during a visit to the Himalayan kingdom.

Cointelegraph is in the Kingdom of Bhutan to check the state of crypto adoption in the eastern Himalayan country.