Category: Bhutan

In 2024, Bhutan presents a unique and evolving landscape in the realm of cryptocurrency legislation, reflecting a nuanced approach towards the integration and regulation of digital currencies. The Himalayan kingdom, known for its measured approach to development and emphasis on Gross National Happiness, extends this philosophy to its handling...

As of 2023, Bhutan’s approach to cryptocurrencies remained cautious and largely unregulated. The country’s central bank, the Royal Monetary Authority (RMA), had been wary of cryptocurrencies since 2014. This caution was evident in the RMA’s warning that Bitcoin and other cryptocurrencies were not considered legal tender in Bhutan and...