In a recent development, Binance co-founder Changpeng Zhao has expressed support for Bhutan’s bold decision to include cryptocurrencies in its strategic reserves. Recently, Gelephu Mindfulness City (GMC) in Bhutan, a special administrative region, added Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB) to its strategic reserves. In a statement, GMC noted that it will only invest in assets issued on secure blockchains and where on-chain transactions can be monitored. For its strategic reserves, GMC plans to include only digital assets that have a large market capitalization and are highly liquid. CZ praised Bhutan for its liberal approach to cryptocurrency and highlighted the country’s openness to blockchain technology. He noted that this is a strategic move by the country to attract crypto companies, investments and innovations.
Credit : coinpedia.org
