Bhutan Becomes First Country to Accept Bitcoin and Crypto Payments for Tourism via Binance Pay, Holds Over $1 Billion in BTC

By: defi news|2025/05/14 19:00:12

Bhutan has become the first country in the world to fully accept Bitcoin and cryptocurrency payments for all tourism-related services, including flights, hotels, visas, and shopping. This move was facilitated through a partnership with Binance Pay, enabling the acceptance of over 100 cryptocurrencies. Bhutan’s sovereign wealth fund holds more than $1 billion in Bitcoin, making it the fourth-largest government holder globally. The country amassed 8,594 BTC entirely through sustainable Bitcoin mining powered by hydroelectric energy, aligning with its environmental goals. The CEO of Bhutan’s sovereign wealth fund described Bitcoin as "digital gold" and noted its role in offsetting carbon emissions. Following Bhutan’s lead, Nepal has proposed surplus energy Bitcoin mining leveraging its 80 gigawatts of hydropower potential. Additionally, Ukraine’s parliament is exploring the launch of a national strategic Bitcoin reserve in collaboration with Binance.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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