O noble Gelephu Mindfulness City, that paragon of administrative prowess, doth announce the birth of a sovereign gold-backed digital token, TER, on this fateful Wednesday! 🧾
The physical gold, a mere trinket, shall be safeguarded by DK Bank, that digital asset bank, regulated by the Bhutanese government, and issued upon the Solana Blockchain, as per GMC’s proclamation. 🧠
Matrixdock, that paragon of RWA tokenization, doth serve as the tech partner, transforming real-world assets into digital phantoms on the blockchain. 🕵️♂️
In the first phase, the tokens shall reside in the bank’s vaults, with rollout dates as elusive as a monk’s secret stash of chocolate. “Purchasing TER tokens is structured to be as secure and familiar as acquiring physical gold from a major financial institution,” notes the announcement. Aye, as secure as a monk’s vow in a brothel! 🤯
CryptoMoon, that intrepid journalist, reached out to DK Bank and GMC’s representatives, but received naught but silence. A mystery deeper than Bhutan’s forests! 🌲
The rollout of this sovereign-backed token is a hedge against currency inflation, a step in Bhutan’s blockchain adoption strategy, according to GMC. A noble quest, indeed! 🚀
Bhutan gets ahead of the curve by adopting crypto and blockchain tech
The government of Bhutan, ever the visionary, hath embraced cryptocurrency and blockchain tech to modernize payment systems and elevate tourism, aiming to become a regional crypto hub. A noble quest, indeed! 🌍
Bhutan hath been mining Bitcoin since 2019, powered by hydroelectric might, and now boasts nearly 6,000 BTC, valued at over $540 million. A treasure trove, if ever there was one! 💰
In January, GMC announced a digital asset reserve, expanding to include memecoins and altcoins. A true connoisseur of crypto! 🦄
Bhutan partnered with DK Bank and Binance Pay to let tourists pay with over 100 cryptocurrencies. A marvel of modernity! 🤝
Over 1,000 businesses in Bhutan accept crypto payments, thanks to this grand alliance. A boon for travelers and merchants alike! 🛍️
Damcho Rinzin, the director of Bhutan’s Department of Tourism, claims crypto payments aid the struggling tourism sector. A savior, or merely a band-aid? 🧸
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2025-12-11 22:13