A new ‘Bitcoin City’? Bhutan to use $885m crypto stash to fund ‘mindfulness’ city – DL News
- Bhutan will use 10,000 Bitcoins to fund a special administrative region called the Gelephu Mindfulness City.
- Bhutan has been buying Bitcoin for years.
- The Asian country’s plans sound similar to El Salvador’s “Bitcoin City” project.
Back in 2021, El Salvador announced plans for a “Bitcoin City.”
Now, the Himalayan Kingdom of Bhutan wants to do something similar: Use its giant cryptocurrency stash to fund a “mindfulness city.”
The country’s government said it would use 10,000 Bitcoins — over $885 million in digital coins today — to fund the development of its Gelephu Mindfulness City.
“As a Special Administrative Region, GMC is being developed to provide regulatory clarity, modern financial connectivity, and a…
