Bitget Partners with Gelephu Mindfulness City Authority for Licensed Digital Asset Presence

Bitget, a leading Universal Exchange, has signed a cooperation agreement with the Gelephu Mindfulness City Authority (GMCA) to explore licensed digital asset presence in Bhutan. The agreement sets out a framework for Bitget to establish a legal presence in GMC and prepare an application for a Financial Services Licence under the regulatory framework administered by the Gelephu Financial Services Office.

According to Gracy Chen, CEO at Bitget, 'Bhutan is approaching digital assets with a rare mix of long-term thinking, clean-energy advantage and regulatory clarity.' The country has become one of the most closely watched sovereign stories in digital assets due to its strategy to stimulate economic growth, create new employment pathways, and retain young talent.

GMCA is developing as a next-generation international financial and innovation hub. Its financial services and virtual asset regime is governed by the Financial Services Act 2025, with firms carrying on regulated financial services or virtual asset activities in or from GMC required to obtain a Financial Services Licence from the GFSO.