Bitget explores licensed crypto presence in Bhutan
Crypto exchange Bitget has signed an agreement with Gelephu Mindfulness City Authority to pursue a regulated local presence.
Bitget, a crypto exchange, has entered into an agreement with Bhutan’s Gelephu Mindfulness City Authority to explore the possibility of establishing a licensed local presence. The agreement, which could potentially pave the way for Bitget to secure a financial services license within the Gelephu Mindfulness City (GMC), a $100 billion autonomous economic zone backed by Bhutan’s national Bitcoin reserves, highlights the growing interest from global players in Bhutan’s developing digital asset sector.
Gracy Chen, CEO of Bitget, expressed enthusiasm about contributing exchange experience, infrastructure knowledge, and local talent development to the burgeoning ecosystem. Last week, GMC appointed Canadian digital-asset manager 3iQ to manage part of its Bitcoin treasury, with the company also planning to establish a long-term presence in Gelephu, invest in local talent, and provide training and knowledge transfer.
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