In simpler terms, Changpeng Zhao (commonly referred to as CZ), who was one of the founders and used to be the CEO of the globally recognized cryptocurrency exchange Binance, recently declared that the use of BNB, Binance’s own digital currency, has surpassed a significant level of acceptance within the community.
The Bhutanese government has added Binance Coin (BNB) to its strategic digital currency reserves, joining a group of leading cryptocurrencies.
#BNB is now a Strategic Reserve asset in Bhutan🇧🇹.
— CZ 🔶 BNB (@cz_binance) January 8, 2025
BNB, BTC, ETH to be stored by Bhutan
Today, CZ shared an article reporting that Gelephu Mindfulness City (GMC) in Bhutan’s New Special Administration Region has declared plans to incorporate Bitcoin, Ethereum, and Binance Coin into its strategic holdings. Consequently, GMC will become one of the pioneering regions with leading digital currencies as part of its reserves.
It is thought that incorporating digital assets can enhance the region’s economic stability, and it could also broaden the region’s participation in Bitcoin mining activities.
As a researcher, I’m sharing our strategy at Gelephu Mindfulness City (GMC). We aim to establish strategic reserves by investing in large-market capitalization and highly liquid cryptocurrencies. This choice allows us to swiftly buy or sell these assets when necessary, causing minimal price fluctuations. Moreover, we plan to expand this reserve by incorporating additional cryptos that are issued on mature and secure blockchains, enabling us to monitor on-chain transactions effectively.
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2025-01-08 13:18