Leggi questo articolo in Italiano
Bitcoin riserva strategica? Non solo, In Bhutan anche ETH e BNB
By Daniele Corno
Bhutan's Gelephu Mindfulness City (GMC) and the decision to introduce Bitcoin, Ethereum and... BNB as strategic reserves
Bitcoin as strategic reserves, but not only that
The Gelephu Mindfulness City “GMC” (The Mindfulness City) in Bhutan, recently shared a historic announcement for the industry.
In fact, according to reports, the region revealed a plan to hold Bitcoin, Ethereum and BNB coin as strategic reserves, making the Special Administrative Region (SAR) among the first jurisdictions in the world to hold crypto-assets as reserves.
A major milestone for blockchain adoption! ✨⛰️
Gelephu Mindfulness City (GMC), Bhutan’s new Special Administration Region has just announced that it will hold BNB, BTC, and ETH as part of its strategic reserve.Learn how BNB’s inclusion highlights global trust in the BNB Chain… https://t.co/HCfgKJulIL
— BNB Chain (@BNBCHAIN) January 8, 2025
The selection of BTC, ETH, and BNB stems from the need to use crypto-assets with large market capitalization and broad market depth. Indeed, this allows for the buying and selling of large sums with minimal price impact.
The announcement follows the enactmentof GMC Law No. 1 of 2024, announced on Dec. 26, which included the establishment of the legal framework for companies offering financial services involving crypto-assets.
Bhutan
Bhutan is not new to the sector; in fact, this step is a natural evolution of the process initiated in previous years.
In fact, the inclusion of strategic reserves is a step following Bhutan ‘s involvement in Bitcoin Mining. According to Arkham reports, Bhutan’s government wallets hold over 11 thousand Bitcoins, worth over $1.1 billion.
Also in the wallets, although in smaller quantities, there are already nearly 700 thousand ETH, worth just over $2 million, a sign that the government is also open for the custody of crypto-assets alternative to Bitcoin.
