Bitget has signed a cooperation agreement with the Gelephu Mindfulness City Authority, setting up a framework to establish a legal entity in Gelephu Mindfulness City, Bhutan, and seek the required financial services licenses under the local regulatory regime overseen by the Gelephu Financial Services Office. The arrangement also covers operational coordination, regulatory workstreams and ecosystem development, subject to the necessary approvals. Bitget CEO Gracy Chen said Bhutan is embracing digital assets with long-term thinking, clean energy advantages and a clear regulatory structure, while GMC board member Jigdrel Singay said the city aims to build a world-class digital asset ecosystem based on sound regulation, institutional-grade standards and long-term economic value. The report also outlines Bhutan’s broader digital asset strategy, including hydropower-backed green crypto mining, the 2025 Financial Services Act governing financial and virtual asset activities in GMC, and Bhutan’s Bitcoin Development Pledge announced in December 2025. Bitget said its planned local presence may include hiring in the market and opening an office to support operations, training, knowledge transfer and long-term capacity building.

Bitget has entered a cooperation agreement with the Gelephu Mindfulness City Authority (GMCA) in Bhutan. Under the deal, the exchange will establish a legal entity in the Gelephu Mindfulness City (GMC), a special administrative region in the south of the country. It will also prepare financial services license applications within the regulatory framework of the Gelephu Financial Services Office (GFSO), while working with GMCA on operations, regulatory affairs, and ecosystem development. Bitget is expected to open local offices and start recruiting in the region as part of the plan, with the stated goal of supporting local talent and long-term construction. GMC is being positioned as a next-generation international financial and innovation center, and its virtual asset regime is governed by the Financial Services Act 2025. Jigdrel Singay, a board director of the Gelephu Mindfulness City, said partners such as Bitget can help bring global expertise to the zone while building local capacity and developing the broader financial ecosystem.

Bhutan's Gelephu Mindfulness City launched an accelerated licensing pathway on May 12, 2026, offering 0% corporate tax, guaranteed bank accounts via DK Bank, and BTC-backed lending for firms already regulated in Singapore, ADGM, or Hong Kong.

Bhutan’s Gelephu Mindfulness City (GMC) unveiled an accelerated licensing pathway on May 12, 2026, targeting firms already regulated in Singapore, ADGM, or Hong Kong, offering 0% corporate tax, DK Bank accounts, and BTC-backed loans. Bhutan holds approximately 3,119 BTC.

Bhutan's Gelephu Mindfulness City (GMC) announced a fast-track licensing pathway on May 12, 2026, offering 0% corporate tax, a guaranteed DK Bank account, and BTC-backed loans for companies already regulated in Singapore, ADGM, or Hong Kong. The initiative targets global fintech and digital asset firms, positioning GMC as a competitive regional hub.