Bhutan's Gelephu Central Bank Approved to Include Bitcoin and Othe

Bhutan’s king signed a royal decree granting Gelephu’s financial regulator full central bank powers, including monetary policy and reserve management, while leaving the Royal Monetary Authority’s status unchanged. The new central bank may invest in bitcoin and other digital assets alongside traditional reserves, though it is not obligated to buy them. The move matters because it gives a second Bhutanese monetary authority an explicit mandate to hold crypto, building on the country’s existing bitcoin mining and holdings. Watch for whether Gelephu actually allocates reserves to digital assets and how much, plus any clarity on coordination with the Royal Monetary Authority.