Bhutan’s Gelephu Mindfulness City has introduced a fast-track licensing system for crypto and fintech firms already regulated in financial hubs such as Singapore, Hong Kong, and Abu Dhabi.
Summary
- Bhutan’s Gelephu Mindfulness City has launched a fast-track licensing framework for crypto firms already regulated in major financial hubs.
- GMC officials said foreign licenses will only simplify due diligence while local regulators retain full oversight authority.
- Bhutan denied that recent Bitcoin transfers flagged by Arkham Intelligence were linked to sales from GMC’s strategic BTC reserves.
According to a recent press release, the new framework allows qualifying…
