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Crypto exchange Bitget is seeking to enter Bhutan’s Gelephu Mindfulness City, or GMC.
Bitget signed an agreement with GMC authorities to explore obtaining a local digital-asset license and setting up a local entity there, Cointelegraph reported on August 7.
GMC is an autonomous economic zone under development in Bhutan. The project aims to create high-value jobs focused on finance, technology and wellness. It is also using part of the Bhutanese government’s Bitcoin holdings to fund the development, which is reported to be valued at about $100 billion.
“GMC is emerging as a new hub for digital finance,” Bitget Chief Executive Officer Gracy…
