BTSE Bhutan receives financial services license for digital asset trading and custody in Gelephu Mindfulness City.

The Financial Services License, issued by the Gelephu Financial Services Office, follows an In-Principle Approval granted in April 2026 and authorizes two activities: operating a multilateral trading facility for virtual assets and providing institutional-grade custody. User onboarding begins in the coming weeks, starting with spot trading in BTC/USDT and ETH/USDT pairs, with additional pairs and fiat on/off-ramp services planned later. Client assets will be held under licensed custody arrangements per GFSO requirements. BTSE Bhutan has appointed key personnel and plans a local office with local hiring.

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