Bitget Partners with Bhutan's Emerging Digital Finance Hub

Bitget has signed a cooperation agreement with Gelephu Mindfulness City Authority (GMCA) in Bhutan, marking a step towards establishing a local presence. The agreement sets out a framework for Bitget to establish a legal presence and prepare an application for a Financial Services Licence under the regulatory framework administered by the Gelephu Financial Services Office.

The cooperation aims to support the growth of the digital asset ecosystem in GMCA, subject to required approvals. 'Bhutan is approaching digital assets with a rare mix of long-term thinking, clean-energy advantage and regulatory clarity,' said Gracy Chen, CEO at Bitget. 'GMC is the emerging hotbed for digital finance, and Bitget looks forward to contributing exchange experience, infrastructure knowledge and local talent development as this ecosystem grows.'

Bhutan has become one of the most closely watched sovereign stories in digital assets due to its green cryptocurrency mining strategy, which utilizes hydropower resources to stimulate economic growth and retain young talent.