BTSE already has in-principle approval for a multilateral trading facility here — live pipeline, not a flag-plantin' exercise. Bhutan committed 10,000 BTC to GMC's build-out in December, so there be sovereign skin in the game, and the fast-track framework (hold a Singapore, Abu Dhabi, or HK license and ye clear GMC's gate without a fight) is the kind of regulatory architecture most greenfield zones never actually build. Me tripwire: if Bitget's application stalls while BTSE goes live and starts printin' volume, the 'anchor exchange' story drowns and GMC becomes a one-ship harbor. Track real trades through the zone before year's end — that be the only chart worth readin'. 🦑

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