BTSE Bhutan has received a Financial Services License from the Gelephu Financial Services Office, the regulator of Bhutan’s Gelephu Mindfulness City special administrative region. The license authorizes BTSE Exchange Pte Ltd to operate a multilateral trading facility for virtual assets and provide institutional custody. User onboarding is planned in the coming weeks, initially offering spot trading in BTC/USDT and ETH/USDT. More pairs will be added subject to listing and regulatory requirements, while U.S. dollar fiat on- and off-ramps are planned for a later stage. The license follows BTSE Bhutan’s in-principle approval in April 2026 and confirms that it met the regulator’s pre-conditions. BTSE was the first exchange to receive in-principle approval under the Gelephu Mindfulness City framework.