Digital Assets and VASP Licensing: Legal Advisory

GMC has positioned itself as a serious digital asset jurisdiction: a regulator with rules modelled on an established international financial centre, a Bitcoin Development Pledge backed by sovereign commitment, licensed operators already on the ground, and a coordinated pathway that links incorporation, regulatory approval, and corporate banking through DK Bank in one continuous process. For qualifying firms already regulated in recognised jurisdictions, an accelerated review reduces duplicated compliance work.

We have advised on virtual asset service provider establishment, stablecoin regulation, the redomiciliation of a global cryptocurrency exchange, and Bitcoin-denominated commercial transactions in Bhutan. That work now extends into the SAR.
 

Licensing strategy and category analysis for exchanges, brokers, custodians, asset managers, and token projects

Fast-track eligibility assessment for firms holding licences in recognised financial centres

Full GFSO application preparation, including compliance manuals, AML/CFT frameworks, and governance documentation

Token and product legal characterization under the adopted framework

Legal advice on incorporation, banking, and licensing requirements

Legal advice on ongoing compliance and regulatory reporting obligations to the GFSO
 

We advise cryptocurrency exchanges, virtual asset service providers (VASPs), custodians, stablecoin issuers, digital asset brokers, tokenization platforms, Web3 businesses, blockchain infrastructure providers, digital asset investment firms, family offices, and fintech companies establishing operations in Gelephu Mindfulness City.