The post Binance’s CZ Praises Bhutan’s Crypto Reserve Move appeared on BitcoinEthereumNews.com.

In a recent development, Binance Co-Founder Changpeng Zhao has expressed support for Bhutan’s bold decision to include cryptocurrencies in its strategic reserves. Recently, Gelephu Mindfulness City (GMC) in Bhutan, a Special Administration Region, added Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) to its strategic reserves. In a statement, GMC noted that it will only invest in assets that are issued on secure blockchains and where on-chain transactions can be monitored. For its strategic reserves, GMC plans to only include digital assets that have a large market capitalization and are highly liquid. CZ praised Bhutan for its liberal approach to cryptocurrency, highlighting the country’s openness to blockchain technology. He noted that this is a strategic move by the country to attract crypto firms, investments, and innovations. Source: https://coinpedia.org/crypto-live-news/binances-cz-praises-bhutans-crypto-reserve-move/

---

Filed under: News - @ January 9, 2025 2:16 am