Bhutan and Cumberland have partnered to build digital asset infrastructure.
TL;DR
Bhutan and Cumberland DRW have signed an MoU to build digital asset infrastructure in Gelephu Mindfulness City, focusing on Bitcoin reserves, sustainable mining, and local talent development. This partnership supports Bhutan's long-term crypto strategy for sustainable economic growth.
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According to ChainCatcher, citing Cointelegraph, Bhutan has signed a multi-year Memorandum of Understanding (MoU) with crypto market maker Cumberland DRW to collaborate on building digital asset infrastructure in Gelephu Mindfulness City (GMC), further deepening the country's long-term cryptocurrency strategy focused on sustainable development.
This collaboration encompasses Cumberland's support for Bitcoin reserve management in Bhutan, establishing a business location in Gallup Mindfulness City, and hiring local talent. The market maker will also send experts in the field to train the local workforce.
According to the memorandum of understanding, Cumberland and Bhutan aim to explore the development of a national crypto ecosystem encompassing modern financial frameworks, sustainable mining and AI computing, yield generation, and stablecoin infrastructure. This initiative is spearheaded by digital infrastructure company Green Digital, which is responsible for ensuring that digital asset development aligns with Bhutan's broader goals of sustainable development and economic diversification.