The post Bhutan’s Crypto Reserves Earn Praise from CZ at TOKEN2049 appeared on BitcoinEthereumNews.com.

CZ praises Bhutan at TOKEN2049 for its national Bitcoin reserve and long-term crypto strategy. Bhutan’s Gelephu Mindfulness City adds BTC, ETH, and BNB to sovereign financial reserves. Bhutan mined Bitcoin with clean hydropower since 2019, now holds over $1.1B in BTC assets. At the TOKEN2049 conference in Dubai, Binance co-founder Changpeng Zhao (CZ) commended Bhutan’s strategic initiative to incorporate cryptocurrencies into its national reserves, highlighting the country’s forward-thinking approach to digital asset adoption.  When talking about strategic reserves, he said that “there are a few countries that are very advanced already… like Bhutan.” He added that Bhutan has quietly mined Bitcoin with clean energy for years, effectively accumulating a national BTC reserve. Bhutan Emerges as a Crypto-Forward Nation in Asia This isn’t the first time CZ is using Bhutan as an example. In January this year, he praised Bhutan for being open-minded when it comes to cryptocurrencies, saying it is a smart move by the country to attract crypto companies, investments, and innovation. The country’s adoption of cryptocurrencies as part of its national reserves positions it among a select group of countries exploring digital assets.  Bhutan is a small Himalayan nation known for its emphasis on Gross National Happiness. Its sovereign investment arm (Druk Holding & Investments) has been mining Bitcoin using renewable hydropower since 2019. According to industry reports, Bhutan may currently hold over $1.1 billion in Bitcoin. Bitcoin, Ethereum, and BNB Part of Bhutan’s Strategic Reserves In early January, Bhutan’s Gelephu Mindfulness City (GMC) announced plans to include Bitcoin, Ethereum, and Binance Coin in its strategic reserves. GMC is Bhutan’s sustainable smart city initiative supported by crypto investment. Due to the country’s renewable hydropower strategy, it is an ideal location for sustainable crypto mining, especially at a time when the industry is under scrutiny for environmental impact. The…

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Filed under: News - @ April 30, 2025 11:25 pm