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Bhutan just built a financial jurisdiction designed to eat Singapore's lunch.
Gelephu Mindfulness City launched a fast-track licensing pathway for crypto and fintech firms already regulated in Singapore, Hong Kong, or Abu Dhabi. One application. Instant banking. Zero corporate tax, zero capital gains, zero dividend taxes through 2030.
The whole thing is backed by 10,000 BTC in sovereign reserves, mined with surplus hydropower from the Himalayas.
The future of crypto regulation isn't in Washington or Brussels. It's in a kingdom most people can't find on a map.