The special economic zone of Bhutan, the Gelephu Mindfulness City (GMC), has introduced a streamlined licensing mechanism for international companies. This initiative targets fintech startups and virtual asset service providers.
The new procedure allows firms to quickly transition from application to operational status. GMC has combined regulatory checks with banking services. Approved firms automatically open a corporate account at the local DK Bank.
Companies that already hold licenses in major financial hubs such as Singapore, Hong Kong, or Abu Dhabi are eligible for expedited registration.
GMC representative Jigdril Singay noted that in most countries, licensing and banking processes are lengthy and separate. Bhutan aims to eliminate these barriers so businesses can start operating immediately after approval.
The region has also offered incentives:
- zero corporate tax for priority sectors;
- no capital gains, dividend, or inheritance taxes;
- territorial taxation (taxes only on domestic income).
Bitcoin Transfers
Analysts at Arkham reported a transfer of 100 BTC from Bhutan's government wallets. At the current selling rate, the country may deplete its Bitcoin reserves by the end of September.
Bhutan is selling Bitcoin.
— Arkham (@arkham) May 12, 2026
Bhutan just moved 100 BTC ($8.1M) out of its holding wallets.
At their current rate of selling, they will run out of BTC before the end of September. pic.twitter.com/z8P7yf0kzS
Since the beginning of the year, the kingdom's authorities have sold assets worth $230.39 million. On average, the government is offloading Bitcoin worth $50 million per month.
The country still holds coins valued at $252 million. If Bhutan sells the remaining coins at the current rate, the total profit for the kingdom will be around $767 million.
In January, the Sei Development Foundation formed a partnership with the sovereign fund Druk Holding and Investments. The organizations agreed to deploy a validator in the Sei network within the country.