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Bhutan’s Gelephu Central Bank cleared to hold crypto in its reserves

By John Chen

Bhutan's move to allow crypto in central bank reserves could enhance its financial hub status, attracting global crypto firms and investments. The post Bhutan’s Gelephu Central Bank cleared to hold crypto in its reserves appeared first on Crypto Briefing.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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Central bank

The public institution that manages a country's currency, money supply and benchmark interest rate, such as the Federal Reserve or the Reserve Bank of India.

Its decisions on rates and money supply move loan costs, currencies and markets for everyone in the economy.

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