Bhutan’s GMC introduces streamlined licensing for fintech and virtual asset firms.

The Gelephu Mindfulness City (GMC), a special economic zone in Bhutan, has introduced a streamlined licensing mechanism for international companies. The initiative targets fintech startups and virtual asset service providers.

The new procedure allows firms to swiftly transition from application to operational activity. GMC has integrated regulatory checks with the provision of banking services. Firms that receive…