In late August, Hobeng Lim was formally appointed as managing director at the Gelephu Mindfulness City GMC in Bhutan, tasked with spearheading the development of the new city’s financial sector encompassing digital assets, fintech and traditional finance. Showing Bhutan’s ambitions, the development of a digital currency is also on the agenda.
The GMC is a Special Administrative Region SAR to be established in the south-central part of Bhutan, the South Asian kingdom on the Himalayas’ eastern edge. As stated in the King’s speech late last year, the city will prioritise values such as happiness, mindfulness, sustainability, and its Buddhist spiritual heritage.
According to an August 29 press...
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