Bitget has signed a cooperation agreement with GNH Gross National Happiness Commission to establish an office in Bhutan

BlockBeats News, August 6th, Bitget has recently signed a cooperation agreement with the Gelephu Mindfulness City Authority (GMCA) of Bhutan. According to the agreement framework, Bitget will establish a legal entity in Gelephu Mindfulness City (GMC) and prepare for the relevant financial services license application under the Gelephu Financial Services Office (GFSO) regulatory framework. Additionally, Bitget will collaborate with GMCA on operational, regulatory, and ecosystem development workstreams. As part of the plan, Bitget will also gradually set up offices locally and engage in local recruitment to support local talent development and long-term growth.

As a special administrative region in southern Bhutan, GMC is being developed as the next-generation international financial and innovation center, with its virtual asset regime governed by the "2025 Financial Services Act." Jigdrel Singay, Director of the Gelephu Mindfulness City Board, pointed out that introducing partners like Bitget will help bring global expertise and promote local capabilities and the broader financial ecosystem's development.