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GMC to include Bitcoin and other digital assets in strategic reserves

GMC to include Bitcoin and other digital assets in strategic reserves

Gelephu Mindfulness City, GMC, has announced plans to adopt digital assets such as Bitcoin, Ethereum, and Binance Coin in its strategic reserves. According to a GMC social media post, the move makes the Special Administrative Region one of the first jurisdictions globally to officially hold digital assets as reserves. Strategic reserves refer to assets or resources set aside to ensure...

NCHM monitoring Lunana glacial lakes after Tibet earthquake triggers massive avalanche near Thanza village

NCHM monitoring Lunana glacial lakes after Tibet earthquake triggers massive avalanche near Thanza village

A day after a powerful earthquake struck Tibet's Shigatse region, with tremors felt across Bhutan, the National Centre for Hydrology and Meteorology reported a massive avalanche sweeping through the Bechung Glacier near Thanza village in Lunana Gewog. The earthquake's impact was strongest in Bhutan's Gasa district, which registered an intensity of magnitude four. No casualties have been reported in the...

Inflation drops to 2 per cent in 2024 – RMA

Inflation drops to 2 per cent in 2024 – RMA

The Royal Monetary Authority's 2024 annual report reveals that inflation in Bhutan has dropped to one of its lowest levels last year since the COVID-19 pandemic. The figure fell to 2 per cent as of August from 5.7 per cent in the same month in 2023. This decline, largely driven by falling fuel prices and slower increases in non-food costs,...

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