Bitget has signed a cooperation agreement with the Gelephu Mindfulness City Authority as it seeks a licensed digital asset presence in southern Bhutan. Bitget Bhutan Licence Plan The agreemen
Bitget has signed a cooperation agreement with the Gelephu Mindfulness City Authority as it seeks a licensed digital asset presence in southern Bhutan.
The agreement sets out how the exchange would establish a legal entity in Gelephu Mindfulness City and apply for a Financial Services Licence. The Gelephu Financial Services Office issues that licence. Both sides will also cooperate on operational, regulatory and ecosystem work, and the plans depend on the required approvals.
Gelephu Mindfulness City is a special administrative region in southern Bhutan. Its financial regime runs under the Financial Services Act 2025 and subsidiary rulebooks, which require firms carrying out regulated financial or virtual asset activities there to hold a licence.
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Gracy Chen, chief executive at Bitget, said Bhutan is approaching digital assets with "a rare mix of long-term thinking, clean-energy advantage and regulatory clarity."
She called the city an emerging hotbed for digital finance. Jigdrel Singay, a board director at Gelephu Mindfulness City, said partners such as Bitget bring global expertise while helping develop local capabilities and the broader financial ecosystem.
Bhutan has used its hydropower to support green cryptocurrency mining, part of a wider push to lift economic growth, create jobs and retain young talent. The country backed the Bitcoin(BTC) Development Pledge in Dec. 2025.
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