A special administrative region in Bhutan announced on Wednesday that it will hold Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and BNB Coin (CRYPTO: BNB) as part of its strategic reserve.
What happened: Gelephu Mindfulness City, situated in the south-central part of the Himalayan nation, said in a statement that they opted for cryptocurrencies with large capitalizations to ensure ease of trading and to avoid liquidity risks.
Bitcoin, Ethereum, and BNB were placed first, second, and fifth among the most valuable cryptocurrencies, respectively.
The endeavor was meant to strengthen the region’s economic resilience and expand its existing capabilities in the Bitcoin mining sector.
See Also: US Government Silk Road Bitcoin Holdings Drop To 0 Amid Report DOJ Approved To Sell $6.5 Billion Worth Of Crypto
Reacting to the development, …Full story available on Benzinga.com
Bhutan’s Special Administrative Region Announces Strategic Reserve Consisting Of Bitcoin, Ethereum, BNB Coin: Bhutan Is Open To Other Cryptos, Says Changpeng ‘CZ’ Zhao
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