Bitget signs a cooperation agreement with Gelephu Mindfulness City Authority
06 August 2026 Bhutan
Image: kardd/stock.adobe.com
Bitget, a Universal Exchange, has signed a cooperation agreement with the Gelephu Mindfulness City Authority (GMCA), marking a step toward establishing a local presence in Gelephu Mindfulness City, Bhutan.
The agreement sets out a framework for Bitget to establish a legal presence in GMC, prepare an application for the relevant Financial Services Licence under the regulatory framework administered by the Gelephu Financial Services Office, and work with GMCA on operational, regulatory, and ecosystem-building workstreams.
The cooperation is intended to support the growth of the digital asset ecosystem in GMC, subject to the required approvals.
In December 2025, through the Bitcoin Development Pledge, Bhutan signalled its long-term commitment to responsibly integrating digital assets into its economic development strategy, while fostering an ecosystem built on sound regulation, institutional participation, and long-term value creation.
Through this cooperation, Bitget intends to contribute global exchange experience, market infrastructure knowledge, and digital asset industry expertise to GMC’s emerging ecosystem.
The planned local setup includes local hiring and office presence over time, helping support GMC’s wider focus on substance, talent development, knowledge transfer, and long-term capability building.
Gracy Chen, CEO at Bitget, says: “Bhutan is approaching digital assets with a rare mix of long-term thinking, clean-energy advantage, and regulatory clarity. GMC is the emerging hotbed for digital finance, and Bitget looks forward to contributing exchange experience, infrastructure knowledge, and local talent development as this ecosystem grows.”
Jigdrel Singay, board director of Gelephu Mindfulness City, adds: “Our objective is to build a world-class digital asset ecosystem founded on robust regulation, institutional standards, and long-term economic value. Partners such as Bitget play an important role in bringing global expertise while contributing to the development of local capabilities and the broader financial ecosystem.”
The agreement sets out a framework for Bitget to establish a legal presence in GMC, prepare an application for the relevant Financial Services Licence under the regulatory framework administered by the Gelephu Financial Services Office, and work with GMCA on operational, regulatory, and ecosystem-building workstreams.
The cooperation is intended to support the growth of the digital asset ecosystem in GMC, subject to the required approvals.
In December 2025, through the Bitcoin Development Pledge, Bhutan signalled its long-term commitment to responsibly integrating digital assets into its economic development strategy, while fostering an ecosystem built on sound regulation, institutional participation, and long-term value creation.
Through this cooperation, Bitget intends to contribute global exchange experience, market infrastructure knowledge, and digital asset industry expertise to GMC’s emerging ecosystem.
The planned local setup includes local hiring and office presence over time, helping support GMC’s wider focus on substance, talent development, knowledge transfer, and long-term capability building.
Gracy Chen, CEO at Bitget, says: “Bhutan is approaching digital assets with a rare mix of long-term thinking, clean-energy advantage, and regulatory clarity. GMC is the emerging hotbed for digital finance, and Bitget looks forward to contributing exchange experience, infrastructure knowledge, and local talent development as this ecosystem grows.”
Jigdrel Singay, board director of Gelephu Mindfulness City, adds: “Our objective is to build a world-class digital asset ecosystem founded on robust regulation, institutional standards, and long-term economic value. Partners such as Bitget play an important role in bringing global expertise while contributing to the development of local capabilities and the broader financial ecosystem.”
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