Gelephu Mindfulness City in Bhutan is offering a faster licensing track with banking and zero‑tax incentives to attract regulated crypto firms willing to build long‑term operations.
The post Bhutan moves another $8.2M in Bitcoin as state reserves keep falling appeared on BitcoinEthereumNews.com.
Bhutan’s government has moved another 100.44 BTC worth roughly $8.2 million, extending a months-long pattern of treasury outflows tied to wallets tracked by blockchain analytics firms. Summary Bhutan moved 100.44 BTC worth about $8.2 million to an unlabeled wallet as state-linked outflows continued into May. Arkham estimated that Bhutan-connected wallets have transferred more than $230 million in bitcoin since the start of 2026. Bhutan still holds about 3,119 BTC, although its reserve has fallen sharply from more than 13,000 BTC recorded in 2024. According to on-chain data published Tuesday by Arkham Intelligence, the Royal Government of Bhutan transferred the bitcoin at 5:27 a.m. UTC through three separate transactions to an unlabeled wallet beginning with “bc1qn.” Arkham, which started monitoring Bhutan’s holdings in 2024, said the movement appeared consistent with prior
GMC launches fast-track licensing for globally regulated financial firms. New framework combines licensing and banking into a single setup process. DK Bank guarantees accounts and digital asset services for all GMC firms. Gelephu Mindfulness City (GMC), Bhutan’s Special Administrative Region for economic development, has introduced an accelerated licensing pathway for companies already regulated in leading global […]
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Key Takeaways Gelephu Mindfulness City launched an accelerated licensing pathway on May 12, 2026, targeting firms already regulated in Singapore, ADGM, or Hong Kong. DK Bank guarantees corporate accounts for all GMC-licensed companies, supporting 9 currencies and BTC-backed lending from day one. GMC offers 0% corporate tax for qualifying firms and foreign talent tax exemptions through 2030, positioning the SAR as a regional financial hub. DK Bank Guarantees Accounts for Every GMC-Licensed Firm Starting May 2026 The Special Administrative Region, established under a Royal Charter to serve as a platform for Bhutan‘s economic development, is targeting globally credible financial and digital asset firms. The announcement, shared directly with Bitcoin.com News, says that under the new program, qualifying companies move through incorporation, regulato
Bhutan's initiative could position it as a global hub for fintech innovation, enhancing economic resilience and attracting international firms.
The post Bhutan’s Mindfulness City taps DK Bank to provide multi-currency accounts, Bitcoin-backed lending to every licensed firm appeared first on Crypto Briefing.
Bhutan’s Gelephu Mindfulness City launched an accelerated licensing pathway on Tuesday, giving companies already regulated in Singapore, Abu Dhabi Global Market, or Hong Kong a direct route to full operational status, with a guaranteed bank account included. DK Bank Guarantees Accounts for Every GMC-Licensed Firm Starting May 2026 The Special Administrative Region, established under a […]
Bhutan’s government has moved another 100.44 BTC worth roughly $8.2 million, extending a months-long pattern of treasury outflows tied to wallets tracked by blockchain analytics firms. According to on-chain data published Tuesday by Arkham Intelligence, the Royal Government of Bhutan…
A U.S. senator criticized bank opposition to stablecoin legislation before a committee session, saying the American Bankers Association sought “immediate engagement” from bank CEOs. He framed the dispute as a fight over competition, yields, and control. US Senator Blasts Bank Pushback on Stablecoin Bill Senator Bernie Moreno (R-Ohio), a member of the U.S. Senate Committee […]
The post Quantum-Proof Wallets: Crypto Firms Race to Secure Digital Assets Ahead of Protocol Upgrades appeared on BitcoinEthereumNews.com.
TLDR: Crypto firms are upgrading wallets to post-quantum MPC signatures before blockchain protocols make the same shift. NIST-approved algorithms like ML-DSA are being evaluated for distributed signing compatibility across wallet systems. Institutions with existing MPC infrastructure can migrate to quantum-resistant wallets through a simple code upgrade. Wallet-level upgrades alone cannot fully protect users if underlying blockchain networks do not follow with protocol changes. Quantum-proof wallets are becoming a priority for crypto companies as the threat of quantum computing draws closer. Firms are now upgrading their wallet infrastructure faster than blockchain networks can update their core protocols. The concern stems from estimates suggesting a “Q-Day” scenario could arrive as early as 2030. One recent report by Project Eleven warns that quan
