The King of Bhutan has granted central banking functions to the Gelephu Financial Services Office, including the authority to invest in digital assets and cryptocurrencies. The new mandate also opens a path for the office to launch a national currency. The decision marks a significant expansion of the Gelephu Financial Services Office's role, positioning it as a key institution with powers traditionally held by central banks. The inclusion of digital asset investment authority signals Bhutan's continued engagement with cryptocurrency markets at the sovereign level.