Crypto & Digital Assets

Our Legal Insights section provides practical analysis, updates, and guidance across the areas that matter most to businesses, policymakers, and individuals in Bhutan. Each insight is written to simplify complex issues, highlight regulatory developments, and help you make informed decisions with confidence.

Web3 Project Structure in GMC: Holdco, Devco, Token Issuer

How to Structure a Web3 Project in GMC: Holding Company, Development Company, Token Issuer and Treasury

Bank Account for a Crypto Firm in GMC: What Banks Look For

Banking the Crypto Business: Opening and Keeping Accounts for a GMC Digital Asset Firm

Crypto Trading Software in GMC: Is It a Regulated Activity?

Crypto SaaS, Trading Infrastructure and Market-Data Vendors in GMC: When Software Is Not a Regulated Activity

DeFi and DAOs in GMC: The Regulatory Perimeter Explained

DeFi, DAOs and Non-Custodial Protocols in GMC: Where the Regulatory Perimeter Falls

Crypto Mining in GMC: Licensing, Tax and Energy Structure

Crypto Mining, Digital Asset Treasuries and Green Energy in GMC: The Legal Structure

Tokenisation in GMC: When a Token Is a Specified Investment

Tokenisation and Digital Securities in GMC: When a Token Is a Specified Investment

Crypto Custody Licence in GMC: Paragraphs 43 to 47

Crypto Custody in GMC: Providing and Arranging Custody of Virtual Assets under Schedule 1 Paragraphs 43 to 47

Stablecoin Issuance in GMC: Fiat-Referenced Token Licence

Stablecoin Issuance in GMC: The Fiat-Referenced Token Activity under Schedule 1 Paragraph 53B

Crypto Exchange Licence in GMC: MTF under Paragraph 54

Licensing a Crypto Exchange in GMC: Operating an MTF or OTF under Schedule 1 Paragraph 54

GMC Virtual Asset Regulation: Financial Services Act 2025

The GMC Digital Asset Framework: How Virtual Assets Are Regulated under the Financial Services Act 2025