BTSE Bhutan Secures Financial Services License in Gelephu Mindfulness City

BTSE Bhutan, a licensed virtual asset service provider in the Gelephu Mindfulness City (GMC) Special Administrative Region, has been granted a Financial Services License by the Gelephu Financial Services Office.

The license allows BTSE Bhutan to operate a multilateral trading facility for the exchange of virtual assets and provide institutional-grade custody services for the safeguarding and storage of virtual assets.

With this license in effect, BTSE Bhutan becomes a fully regulated venue for both 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. More crypto trading pairs will be introduced in subsequent phases, subject to the platform's listing framework and regulatory requirements.

Client assets will be held under BTSE Bhutan's licensed custody arrangements, in line with GFSO requirements.