Bhutan’s Gelephu central bank wins royal approval to hold crypto reserves

Bhutan's Gelephu Mindfulness City received royal approval for a central bank that can invest in cryptocurrencies alongside traditional reserve assets, according to a Nov. 2 announcement. The move makes a sovereign-linked institution a potential buyer of digital assets, adding to the small but growing list of state-level crypto adopters. Traders would read it as incremental sovereign demand and further legitimization, though the scale of any actual purchases is unknown.