Bhutan's Gelephu Mindfulness City has launched a fast-track licensing program for crypto and fintech firms already approved in major financial hubs like Singapore, Hong Kong, and Abu Dhabi Global Market. This initiative streamlines company setup, regulatory approval, and banking access into a single process, eliminating redundant paperwork for firms entering the Himalayan kingdom's special economic zone.
The program targets crypto exchanges, fintech startups, and blockchain infrastructure providers, leveraging the rigorous due diligence of established regulators. Gelephu offers potential 0% corporate tax rates for priority sectors, contingent on investment levels, and promotes access to green hydropower energy, appealing to energy-intensive blockchain operations. This move aligns with Bhutan's broader economic strategy, integrating digital finance into its development vision.
Bhutan's Gelephu Mindfulness City Offers Fast-Track Licensing for Crypto Firms
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