Bitget Signs Cooperation Agreement with Gelephu Mindfulness City Authority, Plans to Establish Office in Bhutan

Bitget recently signed a cooperation agreement with the Gelephu Mindfulness City Authority (GMCA) of Bhutan. Under the framework of the agreement, Bitget will establish a legal entity in Gelephu Mindfulness City (GMC) and prepare applications for relevant financial services licenses under the regulatory framework of the Gelephu Financial Services Office (GFSO), while collaborating with GMCA on workflows involving operations, regulation, and ecosystem development. According to the plan, Bitget will also gradually establish offices locally and conduct local recruitment to support local talent development and long-term development. As a special administrative region in southern Bhutan, GMC is being developed into a next-generation international financial and innovation hub, with its virtual asset regime governed by the Financial Services Act 2025. Jigdrel Singay, Director of the Gelephu Mindfulness City Board, noted that introducing partners such as Bitget helps bring global expertise while promoting the development of local capabilities and the broader financial ecosystem.