Bhutan's Gelephu region gets a central bank empowered to hold crypto reserves

A royal decree signed by King Jigme Khesar Namgyel Wangchuck converts Gelephu's Financial Services Office into an autonomous central bank, empowered to invest in digital assets and cryptocurrencies as reserves, with a possible city currency including a digital form. Over 50 roles will open for hiring. Key details—timetable, operating rules, leadership and coordination with the Royal Monetary Authority—remain unpublished. Bhutan's broader crypto plans include a $1 billion bitcoin financing plan and disputed holdings estimated between roughly 3,100 and 5,600 BTC.

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• Crypto
• Bhutan
• Central Bank