Bhutan Uses Cryptocurrency Profits for Public Sector Support

Bhutan’s capital city, Thimphu, has reportedly generated substantial profits from cryptocurrency investments in recent years, with these earnings being utilized to support government employee salaries for two consecutive years. Two senior officials confirmed this revelation, according to PANews. Druk Holding and Investments, the sovereign wealth fund of Bhutan, is spearheading this initiative by exploring the use of hydropower to power digital currency mining operations and aiming to transition away from fossil fuels in the process.