Bitget Seeks Licensed Presence in Bhutan's Emerging Digital Finance Hub
Bitget, a prominent cryptocurrency exchange, has taken a significant step towards expanding its presence in Bhutan. The company has partnered with Gelephu Mindfulness City Authority (GMC), an autonomous economic zone that aims to create high-value roles in finance, tech, and wellness.
The partnership will enable Bitget to establish a licensed local operation in GMC, which is backed by part of Bhutan's national Bitcoin reserves. This move could pave the way for Bitget to obtain a relevant financial services license in GMC.
According to 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.'