Bhutan’s Mindfulness City taps DK Bank to provide multi-currency accounts, Bitcoin-backed lending to every licensed firm
Bhutan's Gelephu Mindfulness City partners with DK Bank for expedited licensing, multi-currency accounts, and Bitcoin-backed lending for firms.Summary
Gelephu Mindfulness City (GMC), Bhutan's special economic zone, is fast-tracking licensing for globally regulated companies to attract financial and digital asset firms. This initiative allows qualifying companies to streamline incorporation, gain regulatory approval, and open corporate bank accounts with DK Bank, significantly reducing setup times. Jigdrel Singay, overseeing digital assets at GMC, highlighted that the program recognizes existing credibility in leading jurisdictions, enabling faster operations. DK Bank CEO Yu Dong Zheng emphasized that their integration removes the common bottleneck of securing a bank account, allowing companies to operate from day one. GMC, designed as an innovation hub blending urban development with national values, also benefits from Bhutan's pledge of up to 10,000 Bitcoin, mined using surplus hydropower, to fund its long-term growth and economic resilience.
(Source：Crypto Briefing)