Bhutan explores green encryption mining to enhance the economy, curb brain migration

New Delhi:

The CEO of the sovereign wealth fund said that the Himalayas state in Bhutan explores ways to extract green cryptocurrencies and benefit from them using hydroelectric energy to increase its economy and create functions to reduce brain migration.

Green cryptocurrencies are digital currencies using clean energy resources such as wind, water energy or solar energy instead of fossil fuels.

The capital said that Bhutan has received millions of dollars in recent years by investing in some of the most popular cryptocurrencies in the world and used some profits to pay government salaries for two years, and officials in thimvo, that Bhutan, which falls between Asian giants in India and China, has received millions of dollars in recent years by investing in some of the most popular cryptocurrencies in the world and used some profits to pay salaries Government for two years, and senior officials in Thimvo.

Ujjwal Deep Dahal, CEO of the Fund, Druk Holding Ltd. said.

“So a coin in Bhutan will contribute to the green economy,” he told Reuters on Tuesday.

Duhal said that the fund, which controls the benefit of the only energy generation in Bhutan, began adding encrypted currencies to its wallet in 2019, when it saw virtual currencies as a tactical investment and the country.

Bhutan is famous for the total national happiness index (GNH), an economic scale that includes factors that ignore the usual measures of the gross local product, such as entertainment, emotional well -being and sustainability.

Electrical energy is used to operate the high -power computers to create digital assets that can be added to Blockchain.

Officials explore whether large blocs can purchase “green” Phutan currencies to achieve their goals in environmental and social standards and governance (ESG).

“Bitcoin has not only gave more hydroelectric energy value, but also increased access to liquidity in foreign currency,” said Duhal, who added that the BUCKCHAIN ​​technology and artificial intelligence technologies.

The nation, which numbered about 800,000, fights for young people and learners. The government estimates that more than ten youths sought more green pastures between 2022 and 2023, when unemployment in that age group reached 16.5 % in 2024.

Analysts said that the ambitious Bhutan plan to become the capital of the green digital currency depends on the expansion of electrical power generation to the potential of 33 GB against the current capacity of 3.5 GB.

“We have plans to generate 15 gigawatts on the next 10 to 15 years,” Dahal added.

(With the exception of the title, this story was not edited by NDTV and published from a common summary.)