Bhutan's DK Bank Builds Stablecoin Accounts for Debanked Crypto Firms
DK Bank, the only licensed bank inside Bhutan's Gelephu Mindfulness City, is building a crypto banking model that spans nine currencies and includes bitcoin-backed lending. Zheng YD said the bank wants one account for USDT, USDC, U.S. dollars, pounds and euros. Jigdrel Singay said GMC has executive, legislative and judicial autonomy from the rest of Bhutan. Singay said firms licensed in Singapore, Abu Dhabi Global Markets or Hong Kong can use a fast-track pathway without reduced oversight.
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