Bhutan’s GMC to Incorporate Bitcoin and Ethereum into Strategic Reserves

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The new Special Administration Region in Bhutan, known as Gelephu Mindfulness City (GMC), has unveiled its strategy to integrate digital currencies such as Bitcoin, Ethereum, and Binance Coin into its strategic reserves. This move places the region among the pioneers adopting digital assets for such purposes.

GMC recognizes that incorporating digital assets into its strategic reserves could bolster the region’s financial stability and robustness. To achieve this, they aim to integrate high-valued digital assets with substantial market liquidity within their strategic reserves, facilitating hassle-free trading without significantly influencing prices. Moreover, GMC will prioritize digital assets issued on reliable and well-established blockchains for seamless monitoring of on-chain transactions. In summary, they penned:

GMC understands that the integration of digital assets into its strategic reserves can strengthen the region’s economic stability and resilience. To accomplish this, we intend to invest in high-market-capitalization digital assets with deep liquidity for easy trading without causing significant price fluctuations. Furthermore, we will concentrate on digital assets issued on secure blockchains that support effective on-chain transaction monitoring.

GMC plans to identify high-value digital assets with substantial market liquidity for their strategic reserves. This is to ensure a smooth buying and selling process with minimal disruption to price. Moreover, GMC will consider digital assets backed by mature, secure blockchains that facilitate tracking of on-chain transactions.

Digital Assets for Economic Stability

The announcement was made after the enactment of the Application of Laws Act 2024, unveiled in December 2024, which established guidelines for businesses dealing with digital assets within Gelephu Mindfulness City. This legislation, incorporating cryptocurrencies like BTC, ETH, and BNB into its reserves, aims to foster a secure and regulated environment for the expansion of digital assets in GMC.

GMC announced that it plans to implement this law and include digital assets like Bitcoin, Ethereum, and Binance Coin in its strategic reserves. This move aims to foster growth in the digital asset sector within GMC by creating a technologically advanced yet regulated environment.

The Global Market Company (GMC) stands strategically on a land bridge connecting the thriving economies of South Asia, making it ideally placed to cater to the more than two billion people in the region. A significant goal for GMC is the development of blockchain technology, demonstrating its commitment to innovation and cutting-edge technologies.

Global Meeting on Strategic Reserves Scheduled for March 2025

As a crypto investor, I recently learned through a press release that the Global Monetary Council (GMC) has planned a gathering in the Kingdom of Bhutan this coming March. This meeting will bring together global government officials and leading industry figures to explore recognizing digital assets as part of strategic national reserves and setting up an international advisory panel on digital assets for GMC’s purposes. In their own words, GMC is eagerly anticipating these discussions.

In March 2025, GMC intends to gather influential government representatives and global business leaders in Bhutan for a top-tier conference. The aim is to explore the concept of including digital assets in a nation’s strategic reserves and establish an international advisory board on digital assets for GMC.

For a while now, Bhutan has been putting money into cryptocurrencies. In May 2023, this small nation decided to dedicate 5% of its national income (GDP) towards bitcoin mining. As a result, it currently possesses over $1 billion worth of Bitcoin, with the value of cryptocurrencies skyrocketing in November.

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2025-01-08 15:06