BTSE Bhutan Receives Financial Services License for Digital Asset Trading Services in Gelephu Mindfulness City

Gelephu, Bhutan, September 29th, 2026, Chainwire

BTSE Exchange Pte Ltd (“BTSE Bhutan”) today announced that it has been concedido a Financial Services License (FSL) by the Gelephu Financial Services Office (GFSO), the financial regulator of the Gelephu Mindfulness City (GMC) Special Administrative Region. The license follows the In-Principle Approval that BTSE Bhutan received in April 2026 and confirms that the company has satisfied all pre-conditions stipulated by the GFSO.

The FSL authorizes BTSE Bhutan to carry out two regulated activities: operating a multilateral trading facility for the exchange of virtual assets, and providing institutional-grade custody services for the safeguarding and storage of virtual assets. With the license now in effect, BTSE Bhutan becomes a fully regulated venue for both trading and custody services within the GFSO framework.

Phased launch of trading services

BTSE Bhutan will begin onboarding users in the coming weeks, with spot trading services launching initially for the BTC/USDT and ETH/USDT trading pairs. More crypto trading pairs will be introduced in subsequent phases, subject to the platform’s listing framework and regulatory requirements. Fiat on-ramp and off-ramp services are planned for a later stage of the rollout, enabling users to move between US dollars and virtual assets directly through the platform.

All client assets will be held under the company’s licensed custody arrangements, in line with GFSO requirements.

“Receiving our Financial Services License is a major milestone as we plan to launch our retail trading platform globally,” said Yew Chong Quak, CEO of BTSE Bhutan. “We are grateful to the Gelephu Financial Services Office for the rigor and clarity of its process. Our priority now is to launch Bitcoin and Ethereum trading services, expanding our offerings step by step, and holding ourselves to the highest standards of compliance and security as we build a virtual asset ecosystem that GMC can be proud of.”

Building in Bhutan

Since receiving its In-Principle Approval, BTSE Bhutan has appointed key personnel to oversee core operations and is currently building out its presence in Gelephu, with plans to establish a local office in line with its commitments. The company will continue to grow its team and hire local talent to support its presence in Bhutan over time.

Acerca de BTSE Bután

BTSE Bhutan is a licensed virtual asset service provider operating within the Gelephu Mindfulness City (GMC) Special Administrative Region in Bhutan. Regulated by the Gelephu Financial Services Office, the company operates a multilateral trading facility alongside institutional-grade virtual asset custody infrastructure, providing secure, compliant trading and custody services for virtual assets.

For more information, visit www.btse.bt or contact [email protected].

Acerca de Gelephu Mindfulness City

La Región Administrativa Especial de Gelephu Mindfulness City es una iniciativa visionaria que crea un centro económico de clase mundial en el sur de Bután, centrado en la atención plena, la sostenibilidad y la innovación. Esta región integra los valores tradicionales butaneses con marcos legales reconocidos internacionalmente, diseño y tecnología de vanguardia, aprovechando los abundantes recursos de energía renovable del Reino para servir como ejemplo global de desarrollo integral.

Para más información visite www.gmc.bt o escríbenos a [email protected]

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Contacto

Ker Zheng
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