Bhutan collaborates with Cumberland to establish a long-term cryptocurrency strategy

Odaily Planet Daily News: Bhutan and cryptocurrency market maker Cumberland DRW have signed a multi-year memorandum of understanding to collaborate on building digital asset infrastructure in Gelephu Mindfulness City, further deepening the country’s long-term cryptocurrency strategy focused on sustainable development. According to the cooperation agreement, Cumberland will support Bhutan’s Bitcoin reserve management, establish an office in Gelephu Mindfulness City, and hire local talent. The two sides will also explore the construction of a national-level digital asset ecosystem, including modern financial frameworks, sustainable mining, artificial intelligence computing, yield generation, and stablecoin infrastructure. This initiative is led by Green Digital, a digital infrastructure company associated with Gelephu Mindfulness City, focusing on developing renewable energy-powered computing facilities. (Cointelegraph)