The Royal Monetary Authority of Bhutan has formally announced a phased regulatory stance on cryptocurrency that limits permitted activity while it continues to build domestic capacity and monitor developments. Under the approach, crypto mining and exchanges will be allowed only for Gelephu Mindfulness City (GMC) registered entities and business partners operating under the GMC regulatory framework, while on-ramping for crypto trading through domestic banks regulated by the RMA will remain restricted. The RMA framed the stance as aimed at protecting citizens and safeguarding financial stability while supporting responsible innovation, and indicated it will continue strengthening Bhutan’s capability on cryptocurrencies alongside ongoing monitoring of the sector.
Royal Monetary Authority of Bhutan 2025-04-30
Royal Monetary Authority of Bhutan restricts crypto mining and exchanges to Gelephu Mindfulness City entities and keeps bank on-ramping barred
The Royal Monetary Authority of Bhutan announced a phased regulatory approach to cryptocurrency, permitting crypto mining and exchanges only for Gelephu Mindfulness City registered entities. On-ramping for crypto trading through domestic banks remains restricted. The RMA aims to protect citizens and financial stability while supporting responsible innovation and enhancing domestic cryptocurrency capabilities.