Bhutan | Crypto

The small nation’s Ether staking adds to its expanding blockchain activity as it remains one of the few governments holding Bitcoin. Blockchain data shows the Royal Government of Bhutan has staked 320 Ether (ETH) worth roughly $970,000 through Figment, marking the latest onchain activity from the Himalayan state as it expands its crypto holdings and validator operations. Figment is a staking provider that helps large investors and institutions stake digital assets across multiple blockchains and earn rewards for securing proof-of-stake networks. The move adds to a growing wave of Ethereum-focused activity from Bhutan. In October, the South Asian nation of roughly 800,000 people began migrating its self-sovereign digital ID system from Polygon to Ethereum, allowing residents to verify their identities and access government services on the network. Read more

Bhutan is rebuilding the core of its digital identity framework on Ethereum. The initiative, confirmed by Ethereum Foundation’s Aya Miyaguchi, is part of the Himalayan kingdom’s wider experiment with emerging technologies. It signals that blockchain, once confined to trading and tokens, is now being tested as public infrastructure. According to Miyaguchi, the move will see […] The post Can Ethereum secure a nation’s identity? Bhutan is betting on it appeared first on CryptoSlate.

Bhutan has become one of the first nations to fully adopt Ethereum for government identity verification and digital services.

The Kingdom of Bhutan has tapped Ethereum to store the national identities of its roughly 800,000 citizens, leveraging the network’s immutability and decentralization. The South Asian nation of Bhutan is migrating its self-sovereign ID system to Ethereum from Polygon, allowing its nearly 800,000 residents to verify their identities and access government services. The integration with Ethereum has been completed, while the migration of all resident credentials is expected to finish by the first quarter of 2026, according to Ethereum Foundation President Aya Miyaguchi, who joined Ethereum co-founder Vitalik Buterin at the launch ceremony with Bhutan’s prime minister, Tshering Tobgay, and crown prince, Jigme Namgyel Wangchuk. “It’s deeply inspiring to see a nation commit to empowering its citizens with self-sovereign identity,” Miyaguchi posted to X on Monday, adding that the Ethereum integration was a world-first.  Read more

Analysts are warning of a potential investor “recalibration” for short-term market volatility, which has historically occurred after US interest rate cuts. The Royal Government of Bhutan transferred more than $100 million worth of Bitcoin this week, raising concerns about potential sell pressure in the market just as the US Federal Reserve delivered its first interest rate cut of 2025. The Bhutan government-labelled wallet moved 913 Bitcoin (BTC) worth about $107 million into two newly created cryptocurrency wallets on Thursday. The original wallet still holds 9,652 Bitcoin worth over $1.1 billion, according to blockchain data platform Lookonchain. Read more

The Royal Government of Bhutan has cut its Bitcoin exposure by selling more than $92 million of the top digital asset during the recent market downturn. On Aug. 18, blockchain analysis platform Onchain Lens reported that Bhutan moved 799.69 BTC, valued at approximately $92.06 million, into two new wallets. According to the firm, these transfers […] The post Bhutan trims $92 million in government Bitcoin amid market dip appeared first on CryptoSlate.

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