Fintech News Singapore

Bhutan’s Gelephu to Have Its Own Central Bank That Can Invest in Crypto

Bhutan is establishing a central bank for Gelephu Mindfulness City (GMC) with powers to conduct monetary policy and invest in cryptocurrencies. King Jigme Khesar Namgyel Wangchuck signed a Royal Decree to transform the Gelephu Financial Services Office into the autonomous Gelephu Central Bank (GCB). GCB will manage foreign reserves, oversee financial stability, regulate financial institutions [...] The post Bhutan’s Gelephu to Have Its Own Central Bank That Can Invest in Crypto appeared fi

By Fintech News Singapore

1 min read
Bhutan’s Gelephu to Have Its Own Central Bank That Can Invest in Crypto
AI-generated illustration

Got news to share with the events industry?

Submit a press release or story tip and reach thousands of event professionals.

Get in touch→

More in Fintech & Digital Payments

Related Insights