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Chinese Tether laundromat, Bhutan enjoys recent Bitcoin boost: Asia Express
20.9.2024
Tether launderers sentenced as Bhutan’s Bitcoin hodling places it as the fourth largest among governments: Asia Express
Bhutan, Tiny Country With $3B GDP, Holds Over $780M in Bitcoin
17.9.2024
Bhutan’s state-owned Druk Holdings touts digital assets as one of its focus investment groups
Bhutan has twice as much Bitcoin as El Salvador, says Arkham
17.9.2024
Bhutan’s investment arm, Druk Holdings, holds more than 13,000 BTC, which is more than double El Salvador’s stash.
Satellite Images Show Bhutan’s Secret State-Owned Bitcoin Mining Facilities
23.11.2023
Image Source: Pixabay Satellite images have uncovered Bhutan’s undisclosed state-owned Bitcoin (BTC) mining operations. The landlocked Himalayan nation, known for its seclusion and breathtaking landscapes, has transformed itself into a crypto haven under the rule of King Jigme Khesar Namgyel...
Report: Bhutan Commences Plan to Develop 600-Megawatt Bitcoin Mining Farm
21.9.2023
The Himalayan Kingdom of Bhutan along with its partner Bitdeer Technologies Group has reportedly kickstarted plans to develop a 600-megawatt crypto mining farm. Bitcoin mining in the kingdom is expected to “equip citizens to participate in the modern global economy from within Bhutan.”...
9 Asian Countries Discuss De-Dollarization Measures in Meeting Hosted by Iran
25.5.2023
Top officials from nine Asian countries, members of the Asian Clearing Union (ACU), have gathered in Tehran for their annual meeting, where de-dollarization takes center stage. In addition to the officials from Bangladesh, Bhutan, India, Iran, Maldives, Myanmar, Nepal, Pakistan, and Sri Lanka...
The Kingdom of Bhutan’s Business Division Explores Crypto Ventures With Bitdeer Partnership
22.5.2023
A recent report reveals that Druk Holding & Investments (DHI), the business division of Bhutan’s Royal Government, is exploring crypto initiatives to enhance its portfolio expansion. DHI recently teamed up with Singapore-based crypto company Bitdeer to “jointly develop green...
Himalayan Kingdom of Bhutan Discloses Secret Bitcoin Mining Activities
3.5.2023
According to a recent Forbes report, DHL, the commercial arm of Bhutan's Royal Government, entered the Bitcoin mining industry by purchasing BTC when it was priced at $5,000.
Druk Holding and Investments (DHI), which had not previously disclosed its early involvement in Bitcoin mining, has been...
Bitdeer to Raise $500M for Bhutan Crypto Mining Operations in Deal With Government
3.5.2023
Bitdeer said the agreement marks "a crucial expansion into Asia" and expects fundraising efforts to commence this month
Bhutan's DHI and Bitdeer to raise $500M to develop sustainable mining operations
3.5.2023
DHI CEO Ujjwal Deep Dahal said that the partnership will contribute to a more sustainable domestic economy in Bhutan
Bhutan mines Bitcoin with hydropower since BTC price was $5,000
1.5.2023
The crypto kingdom of Bhutan uses Himalayan rivers to generate energy used to mine Bitcoin, local reports reveal
Today in Crypto: Bhutan 'Cultivated a Secret Crypto Portfolio', Amber Group May Sell Its Japan Unit, Bank of Israel Mulling a Digital Shekel
17.4.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Bhutan 'Cultivated a Secret Crypto Portfolio', Amber Group May Sell Its Japan Unit, Bank of Israel Mulling...
Bhutan’s sovereign investment arm quietly invests millions in crypto: Report
17.4.2023
Druk Holding and Investments CEO Ujjwal Deep Dahal said in a Forbes statement that the issue is confidential and the matter with BlockFi has already been settled
Bhutan Partners With Ripple to Pilot Digital Ngultrum on a Private Ledger
25.9.2021
The Central Bank of Bhutan, the Royal Monetary Authority (RMA), has partnered with Ripple to start testing a model of its central bank digital currency (CBDC) using Ripple’s technology. The test will be using Ripple’s own CBDC private ledger, to support similar use cases. The pilot...
Ripple Says it Will Pilot a CBDC for Bhutan
23.9.2021
l="noopener noreferrer" href="https://twitter.com/Ripple/status/1440782839188897794">claimed that it had partnered with the Royal Monetary Authority of Bhutan (RMA), the nation’s central bank, in a deal that would see the latter “use Ripple’s CBDC solution to pilot a digital ngultrum.”The
Ripple is helping Bhutan pilot a CBDC
22.9.2021
The company claimed its CBDC solution would allow Bhutan's central bank to deploy a digital ngultrum "without compromising financial stability or monetary policy objectives.”