The post Bhutan City Embraces Bitcoin, Ethereum, and BNB Reserves appeared on BitcoinEthereumNews.com.

Gelephu City’s strategic reserves include BTC, ETH, and BNB. New laws provide clear regulatory frameworks to encourage blockchain usage. Gelephu Mindfulness City, a special administration region in Bhutan, will now implement BTC, ETH, and BNB as strategic reserves. GMC thus becomes one of the world’s first regions to integrate digital assets in their financial strategy. The increasing worldwide trend shows that countries and even cities are considering adopting digital funds to secure their reserves. With the expectation that the crypto will boom in 2025 and greater acceptance of blockchain technologies, GMC wants to position itself as an innovator and a digital finance leader. Promotion of Blockchain and Crypto Adoption Strategically located close to some of the world’s most rapidly growing economies, including India, GMC focuses on more than 2 billion people. In addition, to encourage further innovations, the city approved the Application of Laws Act 2024 in December, mentioning particularly the effective regulatory framework that must frame the companies exploring digital assets. The firm has opted for BTC, ETH, and BNB within the strategic reserves that are matured with deep market capitalization and good liquidity. The city will also host a high-level meeting in Bhutan to bring the government officials and heads of the industry to deliberate on strategies for digital assets. As analysts go ahead to argue, adoption really is going to start picking up speed in 2025, and digital assets are going to figure much more largely in economic policy. This has largely attracted many people because Binance’s founder, Changpeng Zhao (CZ), was very welcoming of the move. This is also testimony to the utility, security, and scalability within the crypto ecosystem that GMC would be strengthening its commitment towards blockchain transparency and innovation. This trend is being reflected globally as the Czech National Bank and some states…

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Filed under: News - @ January 9, 2025 8:19 am