Bhutan's King authorizes the Gelephu Central Bank to hold digital assets and cryptocurrencies as reserve holdings.
Regulation & Gov ·
Bhutan's King signed a Royal Decree granting the Gelephu Financial Services Office central banking powers, including authority to hold digital assets and cryptocurrencies as part of reserve management within Gelephu Mindfulness City, the country's special administrative region. The decree expands the institution's mandate to cover monetary policy, financial stability, and payment systems, though implementation details and coordination with Bhutan's national central bank remain unspecified. The authorization does not obligate investment in any particular cryptocurrency, with decisions on reserve composition to be governed by policies on risk, custody, and accountability.