Bhutan

Country Bhutan
Capital Thimphu
Continent Asia(South Asia)
Currency Bhutanese Ngultrum(BTN)
Languages Dzongkha

Information

Introduction

In 1865, Britain and Bhutan signed the Treaty of Sinchulu, under which Bhutan would receive an annual subsidy in exchange for ceding some border land to British India. Under British influence, a monarchy was set up in 1907; three years later, a treaty was signed whereby the British agreed not to interfere in Bhutanese internal affairs and Bhutan allowed Britain to direct its foreign affairs. This role was assumed by independent India after 1947. Two years later, a formal Indo-Bhutanese accord returned the areas of Bhutan annexed by the British, formalized the annual subsidies the country received, and defined India's responsibilities in defense and foreign relations. A refugee issue of over 100,000 Bhutanese in Nepal remains unresolved; 90% of the refugees are housed in seven United Nations Office of the High Commissioner for Refugees (UNHCR) camps. In March 2005, King Jigme Singye WANGCHUCK unveiled the government's draft constitution - which would introduce major democratic reforms - and pledged to hold a national referendum for its approval. In December 2006, the King abdicated the throne to his son, Jigme Khesar Namgyel WANGCHUCK, in order to give him experience as head of state before the democratic transition. In early 2007, India and Bhutan renegotiated their treaty to allow Bhutan greater autonomy in conducting its foreign policy, although Thimphu continues to coordinate policy decisions in this area with New Delhi. In July 2007, seven ministers of Bhutan's ten-member cabinet resigned to join the political process, and the cabinet acted as a caretaker regime until democratic elections for seats to the country's first parliament were completed in March 2008. The king ratified the country's first constitution in July 2008.

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References

Bhutan - Wikipedia
Bhutan - CIA World Fact Book
Bhutan - BBC
Bhutan - Timeline - BBC

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News Headlines

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Bhutan government moves another 100 BTC as 2026 bitcoin outflows top $230 million: Arkham - The BlockBhutan government moves another 100 BTC as 2026 bitcoin outflows top $230 million: Arkham  The Block

Bhutan Moves $8.1M in Bitcoin as Sell-Off Continues - DecryptBhutan Moves $8.1M in Bitcoin as Sell-Off Continues  Decrypt

Bhutan Opens Accelerated Fintech Licensing With 0% Corporate Tax and Free Banking - Bitcoin NewsBhutan Opens Accelerated Fintech Licensing With 0% Corporate Tax and Free Banking  Bitcoin News

Bhutan Unveils Bold Plans for a Revolutionary International Airport in Gelephu, Ushering in a New Era for Tourism and Economic Growth - Travel And Tour WorldBhutan Unveils Bold Plans for a Revolutionary International Airport in Gelephu, Ushering in a New Era for Tourism and Economic Growth  Travel And Tour World

Bhutan's Gelephu Mindfulness City launches fast-track licensing for regulated crypto firms - The BlockBhutan's Gelephu Mindfulness City launches fast-track licensing for regulated crypto firms  The Block

One of the world's most remote nations opens up - BBCOne of the world's most remote nations opens up  BBC

Bhutan has sold 70% of its bitcoin in 18 months. It may have stopped BTC mining too. - CoinDeskBhutan has sold 70% of its bitcoin in 18 months. It may have stopped BTC mining too.  CoinDesk

Biplab attends meeting on parliamentary delegation to Bhutan - TripuratimesBiplab attends meeting on parliamentary delegation to Bhutan  Tripuratimes

The Thunder Dragon’s Fever: Bhutan’s climate debt is South Asia’s problem - Down To EarthThe Thunder Dragon’s Fever: Bhutan’s climate debt is South Asia’s problem  Down To Earth

Bhutan’s GMC offers quick licenses, bank accounts to lure crypto firms - TradingViewBhutan’s GMC offers quick licenses, bank accounts to lure crypto firms  TradingView

Bhutan touch in Assam-based hospitality group’s India expansion plan - The HinduBhutan touch in Assam-based hospitality group’s India expansion plan  The Hindu

Tata Power And Bhutan’s DGPC Expand Clean Energy Partnership With Addition Of 404 MW Nyera Amari I & II Hydropower Project - SolarQuarterTata Power And Bhutan’s DGPC Expand Clean Energy Partnership With Addition Of 404 MW Nyera Amari I & II Hydropower Project  SolarQuarter

Bhutan moves another 100 BTC as reserves shrink - Traders UnionBhutan moves another 100 BTC as reserves shrink  Traders Union

Bhutan moves another $8.2M in Bitcoin as state reserves keep falling - crypto.newsBhutan moves another $8.2M in Bitcoin as state reserves keep falling  crypto.news

Bhutan Simplifies Registration for Crypto Firms - ForkLogBhutan Simplifies Registration for Crypto Firms  ForkLog

Bhutan’s GMC Launches Fast-Track Licensing & Banking for Crypto Firms - The Crypto TimesBhutan’s GMC Launches Fast-Track Licensing & Banking for Crypto Firms  The Crypto Times

Hot inflation data spooks markets as Bhutan keeps dumping Bitcoin - Crypto BriefingHot inflation data spooks markets as Bhutan keeps dumping Bitcoin  Crypto Briefing

Bhutan moves $8.2 million in BTC, signaling possible sale: Arkham - Blockspace MediaBhutan moves $8.2 million in BTC, signaling possible sale: Arkham  Blockspace Media

Finance Ministry Notifies Additional India-Bhutan Land Customs Route at Samrang [Read Notification] - StudycafeFinance Ministry Notifies Additional India-Bhutan Land Customs Route at Samrang [Read Notification]  Studycafe

Bhutan Sells $8.1M BTC, Exodus Cuts Holdings, Bitcoin Holds $80K Amid Bullish Signals - KuCoinBhutan Sells $8.1M BTC, Exodus Cuts Holdings, Bitcoin Holds $80K Amid Bullish Signals  KuCoin

News Explorer — Bhutan Sells Off More Bitcoin, Boosting Total to $230 Million Sold This Year - DecryptNews Explorer — Bhutan Sells Off More Bitcoin, Boosting Total to $230 Million Sold This Year  Decrypt

Bhutan Could Run Out of Bitcoin by September After Latest 100 BTC Transfer - The Crypto TimesBhutan Could Run Out of Bitcoin by September After Latest 100 BTC Transfer  The Crypto Times

Tata Power expands Bhutan hydropower partnership to over 5 GW - ETEnergyworld.comTata Power expands Bhutan hydropower partnership to over 5 GW  ETEnergyworld.com

Bhutan sells another 100 BTC as sovereign reserve heads toward zero by September - CryptopolitanBhutan sells another 100 BTC as sovereign reserve heads toward zero by September  Cryptopolitan

Bhutan's Mindfulness City taps DK Bank to provide multi-currency accounts, Bitcoin-backed lending to every licensed firm - Crypto BriefingBhutan's Mindfulness City taps DK Bank to provide multi-currency accounts, Bitcoin-backed lending to every licensed firm  Crypto Briefing

tata power bhutan s dgpc expand green energy portfolio to 5gw with new 404mw hydro project - ICICI Directtata power bhutan s dgpc expand green energy portfolio to 5gw with new 404mw hydro project  ICICI Direct

Tata Power Expands Bhutan Hydro Partnership With 404 MW Project - HDFC SkyTata Power Expands Bhutan Hydro Partnership With 404 MW Project  HDFC Sky

Tata Power Strengthens Bhutan Clean Energy Projects - SMEStreetTata Power Strengthens Bhutan Clean Energy Projects  SMEStreet

Is Bhutan Quietly Exiting Bitcoin? - CoinpediaIs Bhutan Quietly Exiting Bitcoin?  Coinpedia

DMR Engineering Lands Consultancy Contract for 570MW Wangchhu Hydropower Project in Bhutan - scanx.tradeDMR Engineering Lands Consultancy Contract for 570MW Wangchhu Hydropower Project in Bhutan  scanx.trade

New horizons for digital learning in Bhutan - UnicefNew horizons for digital learning in Bhutan  Unicef

World Bank Backs Bhutan's 1,125MW Dorjilung Hydropwer Project - BW BusinessworldWorld Bank Backs Bhutan's 1,125MW Dorjilung Hydropwer Project  BW Businessworld

Tata Power and Bhutan's DGPC Expand Clean Energy Partnership, Add 404 MW Nyera Amari Hydropower Project to Portfolio - scanx.tradeTata Power and Bhutan's DGPC Expand Clean Energy Partnership, Add 404 MW Nyera Amari Hydropower Project to Portfolio  scanx.trade

Bhutan’s GMC Offers Quick Licenses, Bank Accounts to Lure Crypto Firm. - FinanceFeedsBhutan’s GMC Offers Quick Licenses, Bank Accounts to Lure Crypto Firm.  FinanceFeeds

Prime Minister's meeting with the Prime Minister of Bhutan (February 18, 2026) - Ministry of External AffairsPrime Minister's meeting with the Prime Minister of Bhutan (February 18, 2026)  Ministry of External Affairs

Bhutan Unveils Inaugural Travel Mart in Thimphu Focused on Strengthening International Tourism Links and Highlighting Its Unique Mindful and Sustainable Tourism Philosophy - Travel And Tour WorldBhutan Unveils Inaugural Travel Mart in Thimphu Focused on Strengthening International Tourism Links and Highlighting Its Unique Mindful and Sustainable Tourism Philosophy  Travel And Tour World

Bhutan Dumps More Bitcoin as Its $252M BTC Reserve Shrinks - CoinfomaniaBhutan Dumps More Bitcoin as Its $252M BTC Reserve Shrinks  Coinfomania

Tata Power, Bhutan's DGPC expand hydropower partnership to over 5,000 MW - The Economic TimesTata Power, Bhutan's DGPC expand hydropower partnership to over 5,000 MW  The Economic Times

Visit of Prime Minister to Bhutan (November 11-12, 2025) - Ministry of External AffairsVisit of Prime Minister to Bhutan (November 11-12, 2025)  Ministry of External Affairs

Tata Power, DGPC expand collaboration to develop additional 404 MW hydropower project in Bhutan - Telangana TodayTata Power, DGPC expand collaboration to develop additional 404 MW hydropower project in Bhutan  Telangana Today

Bhutan’s GMC launches fast-track licensing for global financial firms - InvezzBhutan’s GMC launches fast-track licensing for global financial firms  Invezz

World Bank and Bhutan Sign Financing for Dorjilung Hydro - Construction World IndiaWorld Bank and Bhutan Sign Financing for Dorjilung Hydro  Construction World India

Tata Power expands Bhutan hydropower partnership - marketscreener.comTata Power expands Bhutan hydropower partnership  marketscreener.com

Bhutan Secures $515 Mn World Bank Financing For 1,125 MW Dorjilung Project - BW BusinessworldBhutan Secures $515 Mn World Bank Financing For 1,125 MW Dorjilung Project  BW Businessworld

Bhutan and World Bank sign USD 515 million financing for 1,125 MW Dorjilung hydropower project with Tata Power - Prop News TimeBhutan and World Bank sign USD 515 million financing for 1,125 MW Dorjilung hydropower project with Tata Power  Prop News Time

Tata Power, DGPC to develop additional 404 MW hydropower project in Bhutan - Business StandardTata Power, DGPC to develop additional 404 MW hydropower project in Bhutan  Business Standard

Bhutan Government Suspected of Selling Another 100 BTC, Bringing Yearly Total to Over $230 Million - MEXCBhutan Government Suspected of Selling Another 100 BTC, Bringing Yearly Total to Over $230 Million  MEXC

Why Is Bitcoin (BTC) Down Today? Higher Inflation, Trump Comments, Fed Fears, Bhutan Outflows and More - CCN.comWhy Is Bitcoin (BTC) Down Today? Higher Inflation, Trump Comments, Fed Fears, Bhutan Outflows and More  CCN.com

Bhutan Government and World Bank Signs USD 515 Million Deal for Dorjilung Hydropower Project - Energetica India MagazineBhutan Government and World Bank Signs USD 515 Million Deal for Dorjilung Hydropower Project  Energetica India Magazine

Tata Power, Bhutan’s DGPC expand hydropower alliance total capacity exceeds 5,000 MW mark - financialexpress.comTata Power, Bhutan’s DGPC expand hydropower alliance total capacity exceeds 5,000 MW mark  financialexpress.com

PM’s Statement prior to his departure to Bhutan - PM IndiaPM’s Statement prior to his departure to Bhutan  PM India

Queen Letizia and the Queen of Bhutan: A shared calling with the “Kate Middleton of the Himalayas” - HOLAQueen Letizia and the Queen of Bhutan: A shared calling with the “Kate Middleton of the Himalayas”  HOLA

Official Visit of The Je Khenpo and Prime Minister of Bhutan to India - Ministry of External AffairsOfficial Visit of The Je Khenpo and Prime Minister of Bhutan to India  Ministry of External Affairs

Tata Power, DGPC expand Bhutan hydropower partnership to 5,033 MW - Power Peak DigestTata Power, DGPC expand Bhutan hydropower partnership to 5,033 MW  Power Peak Digest

Bhutan Transfers 100 BTC as Crypto Outflows Cross $230M - CoinLawBhutan Transfers 100 BTC as Crypto Outflows Cross $230M  CoinLaw

14th India-Bhutan Border Management and Security Meeting Held in Thimphu - PIB14th India-Bhutan Border Management and Security Meeting Held in Thimphu  PIB

Bhutan International Travel Mart Launches in 2026 - FTN newsBhutan International Travel Mart Launches in 2026  FTN news

My trip to Bhutan taught me what real luxury looks like - Vogue IndiaMy trip to Bhutan taught me what real luxury looks like  Vogue India

Tata Power Bhutan Hydropower Deal | Nyera Amari 404 MW Project Expansion 2026 - PSU ConnectTata Power Bhutan Hydropower Deal | Nyera Amari 404 MW Project Expansion 2026  PSU Connect

The 2026 “Happy Chinese New Year” Bhutan Session Successfully Staged - ????????The 2026 “Happy Chinese New Year” Bhutan Session Successfully Staged  ????????

Bhutan to stage inaugural travel mart as global engagement grows - TTG AsiaBhutan to stage inaugural travel mart as global engagement grows  TTG Asia

IFC, Bank of Bhutan Partner to Expand Financing for Micro and Small Enterprises Nationwide - International Finance Corporation (IFC)IFC, Bank of Bhutan Partner to Expand Financing for Micro and Small Enterprises Nationwide  International Finance Corporation (IFC)

India-Bhutan Strengthen Postal Cooperation - PIBIndia-Bhutan Strengthen Postal Cooperation  PIB

Prime Minister receives audience with the King of Bhutan (November 11, 2025) - Ministry of External AffairsPrime Minister receives audience with the King of Bhutan (November 11, 2025)  Ministry of External Affairs

PM Modi Arrives in Bhutan for 70th Birth Anniversary Celebrations of Fourth King - News On AIRPM Modi Arrives in Bhutan for 70th Birth Anniversary Celebrations of Fourth King  News On AIR

Mountain Biking Goggle Film Fox Racing Unisex-Child MX20 Youth AIRSPACE/Main Bhutan Fox Racing Tear Offs - portalcantagalo.com.brMountain Biking Goggle Film Fox Racing Unisex-Child MX20 Youth AIRSPACE/Main Bhutan Fox Racing Tear Offs  portalcantagalo.com.br

India-Bhutan Relations - Vision IASIndia-Bhutan Relations  Vision IAS

Strengthening India-Bhutan Partnership - Drishti IASStrengthening India-Bhutan Partnership  Drishti IAS

Bhutan’s legendary Paro Airport comes to Microsoft Flight Simulator - MSFS AddonsBhutan’s legendary Paro Airport comes to Microsoft Flight Simulator  MSFS Addons

Bhutan’s Gelephu Mindfulness City unveils fast-track licensing for global finance and crypto firms - CoinJournalBhutan’s Gelephu Mindfulness City unveils fast-track licensing for global finance and crypto firms  CoinJournal

Tata Power–Druk Green Alliances | Hydro Project in Dorjilung Bhutan - Tata PowerTata Power–Druk Green Alliances | Hydro Project in Dorjilung Bhutan  Tata Power

Bhutan, World Bank sign $515m deal for Dorjilung hydropower project - International Water PowerBhutan, World Bank sign $515m deal for Dorjilung hydropower project  International Water Power

World Bank, Bhutan sign $515 million financing for 1,125 MW Dorjilung hydropower project - ETEnergyworld.comWorld Bank, Bhutan sign $515 million financing for 1,125 MW Dorjilung hydropower project  ETEnergyworld.com

New Hand-in-Hand Initiative data for Bhutan - Food and Agriculture OrganizationNew Hand-in-Hand Initiative data for Bhutan  Food and Agriculture Organization

Bhutan: Constitutional guarantees come up against resource constraints - Supreme Court ObserverBhutan: Constitutional guarantees come up against resource constraints  Supreme Court Observer

5 Reasons To Visit Bhutan At Least Once In Your Lifetime - NDTV5 Reasons To Visit Bhutan At Least Once In Your Lifetime  NDTV

Bhutan Power Corporation Limited and IFC Partner to Strengthen Electricity Reliability and Modernize the Power Grid - International Finance Corporation (IFC)Bhutan Power Corporation Limited and IFC Partner to Strengthen Electricity Reliability and Modernize the Power Grid  International Finance Corporation (IFC)

I travelled to Bhutan for its first fashion week and found fashion with a soul - Vogue IndiaI travelled to Bhutan for its first fashion week and found fashion with a soul  Vogue India

Japan-Bhutan Summit Meeting - mofa.go.jpJapan-Bhutan Summit Meeting  mofa.go.jp

Indian border town adjacent to Bhutan is reeling from riverbed pollution - news - MongabayIndian border town adjacent to Bhutan is reeling from riverbed pollution  news - Mongabay

Hummel Bhutan 26-27 Home, Away & Third Kits Released - No More Nivia - Footy HeadlinesHummel Bhutan 26-27 Home, Away & Third Kits Released - No More Nivia  Footy Headlines

Bhutan’s Gelephu Mindfulness City Wants to Eliminate One of Crypto’s Biggest Operational Bottlenecks - BlocksterBhutan’s Gelephu Mindfulness City Wants to Eliminate One of Crypto’s Biggest Operational Bottlenecks  Blockster

India And Bhutan Sign MoU on Technical Cooperation in Agriculture and Allied Sectors - PIBIndia And Bhutan Sign MoU on Technical Cooperation in Agriculture and Allied Sectors  PIB

For Jobseekers, Bhutan’s Power Sector is Increasingly a Woman’s World - World Bank GroupFor Jobseekers, Bhutan’s Power Sector is Increasingly a Woman’s World  World Bank Group

Bhutan Moves 100 BTC as Gelephu Opens Crypto Licensing - Crypto EconomyBhutan Moves 100 BTC as Gelephu Opens Crypto Licensing  Crypto Economy

India’s tight grip on Bhutan - Le Monde diplomatique - EnglishIndia’s tight grip on Bhutan  Le Monde diplomatique - English

Union Minister Dr. Virendra Singh Attends World Peace Prayer Festival in Bhutan’s Capital Thimphu - PIBUnion Minister Dr. Virendra Singh Attends World Peace Prayer Festival in Bhutan’s Capital Thimphu  PIB

DMR Engineering gets work order for 570Mw Wangchhu hydropower project in Bhutan - marketscreener.comDMR Engineering gets work order for 570Mw Wangchhu hydropower project in Bhutan  marketscreener.com

India-Bhutan Relations: Indian PM’s Visit Strengthens Strategic Partnership - Vision IASIndia-Bhutan Relations: Indian PM’s Visit Strengthens Strategic Partnership  Vision IAS

Visit of Foreign Secretary of Bhutan to India - Ministry of External AffairsVisit of Foreign Secretary of Bhutan to India  Ministry of External Affairs

From grassroots to the parliament: Bhutan organizes a National Conference on Women’s Leadership in Democracy - International IDEAFrom grassroots to the parliament: Bhutan organizes a National Conference on Women’s Leadership in Democracy  International IDEA

The changing monsoon in the Himalayas: Lessons from Bhutan’s floods - ESCAPThe changing monsoon in the Himalayas: Lessons from Bhutan’s floods  ESCAP

Protecting lives across the lifespan through vaccination in Bhutan - World Health Organization (WHO)Protecting lives across the lifespan through vaccination in Bhutan  World Health Organization (WHO)

Bhutan Transfers 100 BTC Worth $8.1M as Sovereign Reserve Drops to $252M - BanklessTimesBhutan Transfers 100 BTC Worth $8.1M as Sovereign Reserve Drops to $252M  BanklessTimes

Tata Power, Bhutan & World Bank Drive $515M Clean Energy Boost with Dorjilung Project - Indianweb2.comTata Power, Bhutan & World Bank Drive $515M Clean Energy Boost with Dorjilung Project  Indianweb2.com

Bhutan’s Immunization Journey - World Health Organization (WHO)Bhutan’s Immunization Journey  World Health Organization (WHO)

Bhutan, World Bank and Tata Power Advance $515 Million Deal for 1,125 MW Dorjilung Hydropower Project - SolarQuarterBhutan, World Bank and Tata Power Advance $515 Million Deal for 1,125 MW Dorjilung Hydropower Project  SolarQuarter

New ground for quinoa in Bhutan - Food and Agriculture OrganizationNew ground for quinoa in Bhutan  Food and Agriculture Organization

Tata Power’s Bhutan hydro project gets $515 mn World Bank nod - MintTata Power’s Bhutan hydro project gets $515 mn World Bank nod  Mint

Bhutan completes consultation to finalize National Action Plan for Health Security (NAPHS) - World Health Organization (WHO)Bhutan completes consultation to finalize National Action Plan for Health Security (NAPHS)  World Health Organization (WHO)