BTSE Bhutan receives in-principle approval for digital asset trading and custody services license

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Gelephu, Bhutan, May 14th, 2026, Chainwire

BTSE Bhutan today announced that it has formally received an In-Principle Approval (IPA) from the Gelephu Financial Services Office (GFSO) in Gelephu Mindfulness City (GMC) to obtain a Financial Services License (FSL).

Upon the successful fulfillment of final regulatory conditions, the anticipated Financial Services License will permit BTSE Bhutan to carry out two primary regulated activities: operating a multilateral trading facility to establish a secure platform for the exchange of virtual assets, and providing institutional-grade custody solutions for the safeguarding and storage of virtual assets. This dual authorization positions BTSE Bhutan as a regulated venue for both active trading and secure asset holding within the Gelephu Financial Services Office (GFSO) framework.