Bhutan Royal Decree Lets Gelephu New Central Bank Hold Bitcoin in Reserves

The significance lies less in the permission than in its optionality: digital assets sit in the investment scope without any mandate, so the decree creates a legal pathway rather than a policy shift. It also carves out a second, parallel institution while leaving the Royal Monetary Authority untouched, a structure worth watching for how responsibilities are divided over time. Who this affects most is the Gelephu jurisdiction and the reserve managers staffing it, not the national currency regime. Whether the earlier BTC commitment translates into actual reserve holdings under this framework is the open question.