The idea of digital asset strategic reserves is becoming popular. Vancouver’s Mayor has proposed making the city Bitcoin-friendly to protect reserves. Meanwhile, the Satoshi Action Fund plans to introduce up to 20 bills for Strategic Bitcoin Reserves across various US states.
With the upcoming Trump election and expectations of a crypto bull run, many countries are starting to see the benefits of digital assets for reserve preservation. El Salvador was the first to accept Bitcoin as legal tender, and analysts believe that by 2025, more countries will follow suit.
Recently, Gelephu Mindfulness City (GMC) in Bhutan announced its intention to adopt Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) as part of its strategic reserves. GMC is a Special Administration Region (SAR) in Bhutan and aims to be a leader in integrating digital assets into its financial framework.
GMC is focused on promoting blockchain and cryptocurrency adoption. It connects with rapidly growing economies, including India, serving over 2 billion people. Supporting blockchain technology is a key goal for GMC, aligning with its commitment to innovation and advanced technology.
The city’s decision follows the enactment of the “Application of Laws Act 2024” on December 26, 2024. This law establishes a legal framework for businesses involved with digital assets. GMC chose BTC, ETH, and BNB for its reserves due to their maturity, high market capitalization, and liquidity.
Additionally, GMC plans to hold a meeting in Bhutan with government officials and industry leaders to discuss digital assets. An advisory panel will also be formed to guide GMC’s digital asset strategy.
