BTSE Bhutan Secures Financial Services License for Crypto Trading and Custody in Gelephu
- —GFSO granted BTSE Bhutan a license for virtual asset trading and institutional custody
- —Spot trading will launch with BTC/USDT and ETH/USDT pairs; fiat on-ramp and off-ramp to follow later
- —The company plans to open a local office in Gelephu and hire local talent
- —All client assets will be held under licensed custody arrangements
Why it matters: Bhutan cements its crypto-hub ambitions, giving BTSE a regulated path to retail trading under GFSO oversight.
Source: Brave New Coin