Bhutan's Gelephu Mindfulness City to Host High-Level Blockchain Meeting in March 2025
Gelephu Mindfulness City in Bhutan is set to host a high-level meeting in March 2025, aiming to discuss the recognition of digital assets and establish an international advisory panel. The city seeks to diversify its assets and become a global leader in blockchain adoption.
Butá́n, with its significant cryptocurrency holdings of 11,688 BTC and 656,039 ETH valued at around $1.33 billion, is now integrating digital assets into its strategic reserves. Gelephu Mindfulness City is prioritizing assets on secure and mature blockchains with high market capitalization and liquidity.
The city's abundant hydroelectric energy is being harnessed to drive blockchain adoption and reduce the environmental impact of Bitcoin mining. This forward-thinking approach is expected to have significant economic implications, attracting companies and investors interested in blockchain technology.
Gelephu has established a well-structured regulatory framework for digital assets, with the '2024 Application of Laws Act' (GMC Law No. 1) already in place. The upcoming meeting in March 2025 will build on this foundation, inviting government organizations and industrial leaders to discuss the recognition of digital securities and found an international advisory commission.
Gelephu Mindfulness City's proactive stance on digital assets and blockchain technology is set to shape its future. The upcoming meeting in March 2025 will further solidify its position as a global leader in blockchain adoption, potentially attracting more investments and innovations in the digital asset space.
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