Bitget signs Bhutan agreement to pursue crypto license in GMC

Bitget has signed a cooperation agreement with Bhutan’s Gelephu Mindfulness City Authority to establish a local presence and pursue a Financial Services Licence under the city’s virtual asset framework. Summary Bitget has signed an agreement to pursue a licensed presence in Bhutan’s Gelephu Mindfulness City. The exchange plans to establish a local entity and apply for a Financial Services Licence under GMC’s regulatory framework. Bhutan’s digital asset hub will work with Bitget on regulation, operations and ecosystem development. The move extends Bitget’s strategy of expanding through local regulatory approvals across selected markets. According to Bitget, the agreement provides a framework for the exchange to establish a legal entity in Gelephu Mindfulness City (GMC), prepare an application for a Financial Services Licence under the regulatory framework administered by the Gelephu Financial Services Office (GFSO), and collaborate with the Gelephu Mindfulness City Authority (GMCA) on operational, regulatory and ecosystem development workstreams. The company said the cooperation remains subject to the required regulatory approvals. Bitget plans legal entity and license application i...