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

TechFlow reports, August 6, Bitget recently signed a cooperation agreement with the Bhutan Gelephu Mindfulness City Authority (Gelephu Mindfulness City Authority, GMCA). Under the agreement framework, Bitget will establish a legal entity in Gelephu Mindfulness City (GMC) and prepare relevant financial services license applications under the regulatory framework of the Gelephu Financial Services Office (GFSO), while collaborating with GMCA on workflows regarding operations, regulation, and ecosystem building. 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 built into a next-generation international financial and innovation center, with its virtual asset regime governed by the "Financial Services Act 2025". Jigdrel Singay, Director of the Gelephu Mindfulness City Board, pointed out that introducing partners such as Bitget helps bring global expertise while promoting the development of local capabilities and a broader financial ecosystem.