Cryptocurrency exchange Bitget has signed an agreement with Bhutan's Gelephu Mindfulness City Authority (GMCA) to explore establishing a licensed crypto presence within the country's planned economic hub.

The partnership focuses on opportunities to support digital asset services in Gelephu Mindfulness City, a special economic zone designed to attract international investment and innovation. The initiative is tied to the broader Gelephu Mindfulness City project, announced by Bhutan's King Jigme Khesar Namgyel Wangchuck in late 2023 as a long-term development plan with an estimated value of $100 billion, positioned near the Indian border to leverage cross-border trade connectivity.

Exploring a Licensed Crypto Framework

Under the agreement, Bitget and GMCA will jointly assess how a regulated crypto ecosystem could operate within the economic zone. A licensed presence could provide a framework for digital asset trading and related blockchain services while aligning with Bhutan's broader vision of fostering innovation under a regulated environment.

Bhutan is not a newcomer to digital assets. Druk Holding and Investments (DHI), the country's sovereign investment arm, has operated government-backed Bitcoin mining facilities powered by the country's abundant hydroelectric resources, making Bhutan one of the few nations to directly engage in cryptocurrency mining at a state level. The Bitget agreement builds on this existing engagement with blockchain infrastructure.

The collaboration remains exploratory at this stage, with further regulatory and operational steps expected before any formal launch.

NEW: Bitget signs an agreement with Bhutan's Gelephu Mindfulness City Authority to explore a licensed crypto presence in the $100B economic zone. pic.twitter.com/hDDxVpzsIf — Cointelegraph (@Cointelegraph) August 7, 2026

Bhutan Expands Its Blockchain Ambitions

For Bitget, which ranks among the world's largest crypto derivatives exchanges, the partnership represents a step into a jurisdiction actively building a regulatory framework for digital assets. For Bhutan, it signals an effort to position Gelephu Mindfulness City alongside other special economic zones — such as those in the UAE and Hong Kong — that have moved to attract cryptocurrency and fintech businesses through tailored licensing regimes.

The Bitget–Bhutan partnership reflects the country's growing interest in blockchain technology and digital assets as part of its economic development strategy. If the initiative progresses, it could strengthen Gelephu Mindfulness City's appeal as a destination for fintech and Web3 businesses while expanding Bitget's footprint in emerging regulated markets.

Industry participants will be watching closely for additional details on licensing, regulatory approvals, and future development plans.