Bhutan has committed 10,000 BTC to finance the 'Glorious Mindfulness City', a key component of its economic strategy. This initiative aligns with Bhutan's Gross National Happiness philosophy, aiming to create jobs and curb youth migration. The government plans to support the project through mortgage and yield-generating methods rather than direct sales of Bitcoin. The country, which already holds over 11,000 BTC, utilizes renewable energy for its cryptocurrency mining operations. Bhutan has integrated blockchain technology into its tourism payment systems and digital identity frameworks, highlighting the growing role of cryptocurrency in its economic development plans.
Bhutan Allocates 10,000 BTC for 'Glorious Mindfulness City' Project
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