Binance CEO Richard Ting said that cryptocurrency and digital asset technology can support the unique development philosophy of the Kingdom of Bhutan, known as GNH, during a visit to the Kingdom of Himalayas.
During a round media table on the Binance Crypto tour in Bhutan, Cointelegraph Ten asked how a culture of encryption corresponds to or contradicts the unique identity of the country, which is not rooted in economic production, but in well -being.
Ting said that the encryption values are in line with GNH Potan and the Welfare approach.
“Basically, it’s the same thing,” said Ting. “At the end of the day, Crypto revolves around financial freedom and financial integration. It solves many problems. In the end, the person’s welfare appears.”
Bhutan’s pursuit of happiness
The GNH model in Bhutan, which was presented by the fourth king in the country in the 1970s, emphasizes the collective happiness for economic growth, which is the basic of the national identity of Putan.
According to To Gnh Center Bhutan, the concept is a sustainable approach to development. “He balances material and non -material values with the conviction that humans want to search for happiness.” This means that the emotional and spiritual welfare is included in the way of the life of the Kingdom of Himalayas.
At first glance, the speculative nature may often seem to be at odds with such basic principles. But Ting has argued that the technology behind digital assets can help raise the level of individuals and societies, especially in areas with financial access to financial services.
Ting said that he met individuals all over the world who have achieved financial independence through encryption assets, especially in areas that suffer from bank deficiency.
He said that the Bhutan encryption approach could lead to similar results. “People here, His Majesty the King and the Kingdom of Bhutan, are believers in innovation,” Ting said, adding that the Bootinists believe that encryption can raise the welfare of people and general happiness.
He added that with the country embracing digital assets, the dependence of encryption will lead to the flow of more foreign investments to the country, while maintaining high levels of happiness in the “Kingdom of Happiness”.
Related to: DHI in Bhutan to compensate for half of the effects of bitcoin mining
How Bhutan approaches the encryption technology
The government of Bhutan, led by its king, King Giggie Katar Namjeel and Wangsuchk, adopted digital assets as part of his development strategy. Under management, the country participates in projects such as Bitcoin mining water and Preparing the encryption reserves.
The country has also accumulated quietly (BTC), With numbers that show that they currently have more than 13000 BTC. Bitbo shows data players that the country’s hideout makes it the fifth largest country for Bitcoin, Override Even Salvador.
In May, Bhutan also Encrypted encryption payments via BinanceTargeting encryption holders to enhance tourism. While the country is keen to adopt payments in digital assets, it must exceed difficulties such as Violent internet connectionWhich can face the way to adopt local encryption.
https://www.youtube.com/watch?
magazine: Tether Tether Laundromat, Bitcoin’s latest Bitcoin enhances: Asia Express
publish_date
