BNB Adopted As Strategic Reserve Asset in This Country: Ex-Binance CZ

Changpeng Zhao, widely known to the community simply as CZ, a co-founder and former CEO of the world’s largest cryptocurrency exchange Binance, has made an announcement that BNB has reached a whole new level of adoption.

Binance Coin (BNB) has been included into the strategic crypto reserve of Bhutan, along with a few other top cryptocurrencies.

#BNB is now a Strategic Reserve asset in Bhutan🇧🇹. https://t.co/GN3K8pLyaA

— CZ 🔶 BNB (@cz_binance) January 8, 2025

BNB, BTC, ETH to be stored by Bhutan

CZ retweeted an article released today which reveals that Gelephu Mindfulness City (GMC) in Bhutan’s New Special Administration Region has announced that it intends to include Bitcoin, Ethereum and Binance Coin into its strategic reserves. Thus, it will be one of the first jurisdictions that holds leading digital currencies in its reserves.

They believe that the inclusion of digital assets will improve the region’s economic resilience and will also expand the region’s involvement in Bitcoin mining.

GMC intends to use large market capitalization and high liquidity cryptos for forming its strategic reserves so that they can be easily bought and sold if need arises with a minimal impact on the price. Thus, Gelephu Mindfulness City intends to add other cryptos as well, which are issued on “more mature, secure blockchains that support monitoring of on-chain transactions,” according to the article.

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