Bhutan’s GMC Launches Fast-Track Licensing for Global Financial Firms

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Singapore, Singapore, 13th May 2026, Chainwire

Bhutan’s Gelephu Mindfulness City has introduced a fast-track licensing system for crypto and fintech firms already regulated in financial hubs such as Singapore, Hong Kong, and Abu Dhabi. According to a recent press release, the new framework allows qualifying firms…

The post Bhutan Moves Another 100.44 BTC as 2026 Outflows Hit $230M appeared on BitcoinEthereumNews.com. Bhutan has moved another 100.44 BTC from Druk Holding and Investments wallets as 2026 outflows hit $230M. The Bhutan government has been selling BTC mined via low-cost hydropower since 2019 to fund national projects. Bhutan still holds 3,119 BTC; continued sales may boost state liquidity as BTC gains status as a reserve asset. On May 12, 2026, the Bhutanese government transferred another 100.44 BTC, worth $8.2 million, from Druk Holding and Investments’ wallets to an unlabeled address. The move pushed the kingdom’s total Bitcoin outflows for 2026 above $230 million. Bhutan’s holdings have fallen sharply from a 2024 peak of nearly 13,000 BTC to about 3,119 BTC, now valued at roughly $252 million. Bhutan Government Moves Another 100.44 BTC Worth 8.2M According to on-chain data from Arkham Intelligence, the Royal Government of Bhutan has transferred another 100.44 BTC, valued at approx

Rising inflation and Bhutan's Bitcoin sell-off signal potential market volatility, challenging the optimistic outlook for crypto investments. The post Hot inflation data spooks markets as Bhutan keeps dumping Bitcoin appeared first on Crypto Briefing.

The post Bhutan’s GMC Launches Fast-Track Licensing for Global Financial Firms appeared on BitcoinEthereumNews.com. The initiative allows qualifying enterprises to transition from application to full operational readiness in a far shorter amount of time. As part of the procedure, businesses who incorporate and get a license in GMC are given a corporate bank account with DK Bank, allowing them to start operating right away. Today, Gelephu Mindfulness City (GMC), Bhutan’s Special Administrative Region for economic growth, unveiled a new expedited license route for businesses currently subject to regulation in major international financial hubs, such as Hong Kong, Singapore, and Abu Dhabi Global Market (ADGM). By combining accelerated regulatory assessment with instant access to banking infrastructure, the initiative allows qualifying enterprises to transition from application to full operational readiness in a far shorter amount of time. Even after regulatory clearance, the majority of n

The kingdom of Bhutan has offloaded over $230 million in Bitcoin this year while steadily reducing its holdings, according to Arkham data.

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