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Bhutan’s GMC to Recognize Bitcoin, Ether, and BNB in Strategic Reserve
Bhutan’s Gelephu Mindfulness City (GMC) has announced its plans to recognize digital assets such as Bitcoin (BTC), Ether (ETH), and Binance Coin (BNB) as part of its strategic reserves. This move is expected to boost GMC’s economy by enabling trading with minimal price volatility.
As per the official statement, GMC aims to incorporate digital assets characterized by significant market capitalization and liquidity to strengthen its strategic reserves. This decision will allow for secure on-chain transaction oversight and better portfolio diversification.
GMC, strategically located at the land bridge connecting South Asia’s rapidly growing markets, serves a population of over two billion people. The city has also organized a high-profile event in March 2025 that will feature top government officials and industry experts from around the world to discuss integrating digital assets into strategic reserves and setting up an international advisory panel on digital assets for GMC.
Binance co-founder Changpeng ‘CZ’ Zhao took to Twitter to share his thoughts, stating “It’s not just a Bitcoin reserve but a crypto one, including ETH and BNB. I believe this is a first, and it won’t be the last. This signals that Bhutan is open-minded and open to other cryptocurrencies as well.” He also emphasized that this move opens doors for BNB and other crypto assets to be included in other countries’ strategic reserves.
It’s worth noting that Bhutan has been known for years for mining Bitcoins using clean (excess hydro) energy. As a result, it already holds a significant amount of Bitcoin through this sustainable mining process.
Source: cryptopotato.com
