Bhutan | Crypto

Bhutan’s unique naming culture and values of sovereignty make it a strong candidate for adopting blockchain-based identity systems. Opinion by: Ezra Reguerra, journalist at Cointelegraph The Kingdom of Bhutan’s openness to dive into Web3 technology creates an opportunity to build a blockchain-based identity infrastructure and modernize the nation’s approach to digital identity.  Bhutan is a Himalayan country where modernization is paced and driven by its culture and values. Its Gross National Happiness (GNH) development philosophy pushes the country to take a cautious approach to tourism and technology. Because of this, Bhutan has historically chosen sovereignty over scale.  Read more

Cointelegraph is in the Kingdom of Bhutan to check the state of crypto adoption in the eastern Himalayan country. In a land where ancient monasteries overlook misty mountains, cryptocurrency is quietly becoming part of everyday life. During the Binance Crypto-Powered Tour in the Kingdom of Bhutan, Cointelegraph traveled across Bhutan’s capital city of Thimphu and the popular cultural and tourism district of Paro to gauge grassroots interest in crypto.  At Changyul Park and a local four-star hotel, Cointelegraph witnessed firsthand how tourists and locals pay with crypto only months after crypto exchange Binance rolled out crypto payments in the country.  Read more