Binance CEO Richard Teng Highlights Crypto’s Role in Bhutan’s Future
During a recent visit to Bhutan as part of the Binance Crypto-Powered Tour, Binance CEO Richard Teng made a compelling case for how cryptocurrency can support the country’s unique development approach, known as Gross National Happiness (GNH).
Teng emphasized that core crypto values—such as financial freedom, inclusion, and decentralization—are aligned with Bhutan’s commitment to spiritual, emotional, and economic well-being. He pointed out that digital assets have the potential to empower people, especially in underbanked regions, offering tools for financial independence and long-term prosperity.
Bhutan, nestled in the Himalayas, has been making quiet but significant strides in the crypto world. Under the leadership of King Jigme Khesar Namgyel Wangchuck, the country has been steadily building a national crypto strategy aimed at modernizing its economy while staying true to its happiness-first philosophy.
Bhutan Becomes a Leading Bitcoin-Holding Nation
According to data from Bitbo, Bhutan now holds over 13,000 BTC, placing it among the top five Bitcoin-holding nations in the world. This impressive reserve highlights the country’s forward-thinking approach and long-term vision for digital assets.
Bhutan is also working with Binance on projects like crypto-based reserves and Binance-powered payment systems, aiming to attract foreign investment and enhance tourism—both seen as tools to further support its GNH goals.
Recently, a Binance-backed educational panel in Bhutan drew strong interest from local citizens eager to learn about crypto payments and blockchain technology. Teng noted that the Bhutanese people are naturally curious and open to innovation, and he believes that crypto adoption can play a vital role in maintaining and even increasing happiness levels in the country.
As Bhutan embraces digital asset technology, it sends a strong message: progress and tradition can coexist, and the future of finance may well contribute to a happier, more inclusive society.
