Bitget signs agreement to seek regulated crypto operations in Bhutan
Cryptocurrency exchange Bitget has entered into a pact with the Gelephu Mindfulness City Authority to explore a licensed presence in Bhutan, aiming to comply with local regulations.
Bitget, a global cryptocurrency exchange, announced it has signed an agreement with the Gelephu Mindfulness City Authority in Bhutan.
The agreement aims to allow Bitget to establish a regulated local entity, subject to Bhutanese licensing requirements, enabling the platform to offer services to Bhutanese users under compliance.
Bhutan's financial sector has been cautious about digital assets, and the partnership reflects a broader trend of exchanges seeking formal regulatory frameworks in emerging markets.
Bitget has previously expanded into other jurisdictions with licensed operations, and the Bhutan initiative follows its strategy to broaden market access while adhering to local rules.
The agreement does not yet specify timelines or the scope of services, and regulatory approval will be required before any public launch.
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
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