Bhutan Grants Gelephu Financial Authority New Powers Over Digital Assets

Bhutan's King has granted central banking powers to the Gelephu Financial Services Office, expanding the institution's authority within the country's financial development initiative.
The new powers reportedly include the ability to invest in cryptocurrencies and other digital assets, alongside a potential pathway toward introducing a dedicated currency.
The move reflects Bhutan's efforts to develop a financial ecosystem that incorporates emerging technologies and alternative investment opportunities.
However, authorization to invest in digital assets does not confirm that purchases have already occurred. The proposed currency also remains a potential future development rather than an announced launch.