The town of Gelephu, which is considered a special economic zone, added Bitcoin , эфириум (ETH) and Binance Coin (BNB) into its strategic financial reserve. The city government noted that the Gelephu Special Administrative Region (SAR) is committed to achieving economic sustainability through digital assets.
The statement from government officials said the assets were chosen because they had the highest possible market capitalization and high liquidity.
Such cryptocurrencies are much easier to trade without having an undue impact on their price, officials stressed.
In addition, Gelephu plans to give priority only to those tokens that are issued on “mature” and secure blockchains that allow for careful tracking of on-chain transactions.
Recall that the city is considered a major land bridge between the fast-growing economies of South Asia. Its strategic location provides access to the market, which can play a major role in Gelephu becoming a hub for technological advancement and financial services in the region.
The addition of cryptocurrencies to the city's strategic reserve became possible after the relevant bill was passed in late 2024. It created a regulatory framework for companies offering financial services with digital coins in Gelephu.
