Bhutan’s Gelephu Central Bank cleared to hold crypto in reserves

Bhutan’s Gelephu Mindfulness City has received royal approval for a central bank empowered to invest in cryptocurrencies alongside traditional reserve assets. A Royal Decree grants central banking powers to the Gelephu Financial Services Office. The mandate covers digital asset investments, monetary policy, and foreign reserve management. GMC previously announced plans for Bitcoin, Ether and BNB reserves, followed by a pledge of up to 10,000 BTC. The region appointed 3iQ in July to manage a mandate backed by part of its Bitcoin treasury. Gelephu Mindfulness City listed the royal approval in a Nov.

Also reported by Crypto Briefing.

Source: crypto.news