Bhutan and Cumberland collaborate to establish a long-term cryptocurrency strategy

Odaily reports that Bhutan has signed a multi-year memorandum of understanding with cryptocurrency market maker Cumberland DRW to collaborate on building digital asset infrastructure in Gelephu Mindfulness City, further deepening the country's long-term cryptocurrency strategy focused on sustainable development.

Under the cooperation agreement, Cumberland will support Bitcoin reserve management in Bhutan, establishing an office in Greppu Mindfulness City and employing local talent. The two parties will also explore building a national-level digital asset ecosystem, including a modern financial framework, sustainable mining, AI computing, yield generation, and stablecoin infrastructure. This initiative is led by Green Digital, a digital infrastructure company associated with Greppu Mindfulness City, which focuses on developing renewable energy-driven computing facilities. (Cointelegraph)