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Bhutan Embraces Green Crypto MiningBhutan is leveraging its abundant hydropower to mine cryptocurrencies, aiming to boost its economy and create jobs. The country’s sovereign wealth fund has used profits from past crypto investments to pay government salaries and plans to further integrate digital assets into its economy as a sustainable and innovative strategy. Officials aim to attract multinational companies seeking environmentally compliant digital assets to meet ESG standards. Reuters
China Debates Handling Seized CryptocurrenciesChina is grappling with how to manage a growing cache of cryptocurrencies seized from criminal activities, amid a national ban on crypto trading. Currently, seized digital assets are inconsistently handled by local governments, often sold through private companies to generate revenue despite legal ambiguities. Legal experts are calling for clearer regulations and centralized management to ensure transparency and curb potential corruption.