GMC pioneers adoption of Bitcoin and digital assets in strategic reserves

Staff Reporter

The Gelephu Mindfulness City (GMC), Bhutan’s new Special Administration Region (SAR), will recognise digital assets such as Bitcoin (BTC), Ether (ETH) and BNB as part of its strategic reserves, making the SAR one of the first jurisdictions to officially hold digital assets as part of its strategic reserves.

The GMC plans to focus on digital assets with high market capitalisation and deep liquidity to ensure seamless tradeability with minimal price fluctuations. In addition, GMC will recognise digital assets that are issued on more mature, secure blockchains that support monitoring of on-chain transactions.

Located on the land bridge connecting the rapidly-growing economies of South Asia, GMC is uniquely positioned to serve the more than two billion people in the region, and one of its key economic focuses is on promoting and supporting the use of blockchain technology, in line with the SAR’s emphasis on innovation and pioneering of new technologies.

This announcement follows the enactment of GMC Law No. 1 of 2024, or the ‘Application of Laws Act 2024’, which was announced on 26 December 2024. The enacted set of laws for the GMC included establishing the legal and regulatory framework in GMC for companies seeking to offer financial services involving digital assets.

The enactment of this law, coupled with recognising digital assets such as BTC, ETH and BNB as part of the GMC’s strategic reserves, is intended to bolster the growth of the digital asset ecosystem in the GMC within a technologically progressive, yet well-regulated environment.

In March 2025, the GMC plans to convene a high-level meeting in the Kingdom of Bhutan of senior government officials and industry leaders from across the world to discuss the recognition of digital assets as part of a jurisdiction’s strategic reserves, and the setting up of an international advisory panel on digital assets for GMC.

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