Bitget explores licensed crypto presence in Bhutan
Zusammenfassung:Bitget has signed an agreement with Bhutan‘s Gelephu Mindfulness City Authority to explore establishing a licensed local operation, seeking a foothold in the country’s emerging digital asset sector. The deal could allow Bitget to create a legal presence and prepare a financial services license application in GMC, a $100 billion autonomous economic zone supported in part by Bhutans national Bitcoin reserves. CEO Gracy Chen called GMC a hotbed for digital finance and stressed exchange expertise, infrastructure knowledge, and local talent development. Last week, GMC named Canadian digital-asset manager 3iQ to oversee part of its Bitcoin treasury, with 3iQ also pledging a long-term local presence, talent investment, and training.
Bitget has signed an agreement with Bhutan‘s Gelephu Mindfulness City Authority to explore establishing a licensed local operation, as the crypto exchange seeks a foothold in the country’s developing digital asset sector.
The agreement could pave the way for Bitget to establish a legal presence and prepare its application for a relevant financial services license in GMC, a $100 billion autonomous economic zone backed in part by Bhutans national Bitcoin reserves that aims to create high-value roles in finance, tech and wellness.
“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,” said Gracy Chen, CEO at Bitget.
Last week, GMC appointed Canadian digital-asset manager 3iQ to manage a mandate backed by part of its Bitcoin treasury.
Under the partnership, 3iQ will manage an undisclosed portion of the Bitcoin allocated to support Gelephus development. The company will also establish a long-term presence in the city, invest in local talent and provide training and knowledge transfer.
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