BTSE Bhutan Granted Financial Services License for Virtual Asset Trading
BTSE Bhutan has been granted a Financial Services License (FSL) by the Gelephu Financial Services Office, allowing it to operate a multilateral trading facility for virtual assets and provide institutional-grade custody services.
The license follows an In-Principle Approval received in April 2026 and confirms that BTSE Bhutan has satisfied all pre-conditions stipulated by the GFSO.
With the FSL in effect, BTSE Bhutan becomes a fully regulated venue for trading and custody services within the GFSO framework.
The company will begin onboarding users in the coming weeks, with spot trading services launching initially for the BTC/USDT and ETH/USDT trading pairs. Fiat on-ramp and off-ramp services are planned for a later stage of the rollout, enabling users to move between US dollars and virtual assets directly through the platform.
Yew Chong Quak, CEO of BTSE Bhutan, said: 'Receiving our Financial Services License is a major milestone as we plan to launch our retail trading platform globally.'