Bhutan Expands Crypto Push as Bitcoin Transfers Cross $230 Million in 2026

Bhutan Crypto Hub Expands With Faster Licensing Process

Bhutan’s Gelephu Mindfulness City (GMC) is introducing a faster licensing system to attract regulated crypto and fintech companies as it aims to become a financial technology center in South Asia. The initiative targets firms already licensed in financial hubs such as Singapore, Hong Kong, and Abu Dhabi.

Under the new framework, eligible companies can complete business incorporation, receive regulatory approval, and open a corporate bank account through a coordinated process supported by DK Bank, the city’s official banking partner. Standard Know Your Customer (KYC) and Anti-Money Laundering (AML) checks will still apply.

Crypto Banking Access and Regulatory Oversight

GMC officials said approvals from foreign jurisdictions will help reduce repeated paperwork and speed up due diligence. However, companies must still meet local regulatory requirements, as licenses issued elsewhere will not automatically grant operating rights inside GMC.

Officials stressed that the city is focused on attracting businesses willing to establish long-term operations rather than firms seeking offshore advantages.

Bhutan Crypto Tax Incentives Support Growth

GMC is also offering targeted tax benefits, including 0% corporate tax for selected sectors based on investment levels. Exemptions on capital gains, dividends, and inheritance taxes are also part of the proposal.

Arkham data shows the Bhutan government transferred the Bitcoin in three transactions to a new wallet address on Tuesday. Analysts estimate Bhutan linked wallets have recorded more than $230 million in Bitcoin outflows since the start of 2026, averaging close to $50 million per month.