Bitget Expands into Bhutan's Emerging Digital Finance Hub

Bitget has signed a cooperation agreement with Gelephu Mindfulness City Authority (GMCA) to expand its presence in Bhutan's Gelephu Mindfulness City.

The partnership aims to help advance the digital asset industry in Bhutan, and Bitget will attempt to establish a legal entity in GMC and submit an application for a Financial Services Licence with the Gelephu Financial Services Office (GFSO).

Bhutan's stance on digital assets has been gaining momentum, and the country has been recognized as a leader in promoting environmentally sustainable cryptocurrency mining with its abundant hydropower resources.

The creation of Gelephu Mindfulness City is part of Bhutan's plans to diversify its economy, generate jobs, and attract skilled workers. Bitget CEO Gracy Chen noted that 'Bhutan is approaching digital assets with a rare mix of long-term thinking, clean-energy advantage and regulatory clarity.'

Jigdrel Singay, the Board Director of Gelephu Mindfulness City, remarked that 'Our objective is to build a world-class digital asset ecosystem founded on robust regulation, institutional standards and long-term economic value.'