Basnet Attorneys and Law is pleased to announce that our firm has recently advised a major international payment system provider on the regulatory treatment of stablecoins and digital payment instruments under Bhutanese law.
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As part of this engagement, our law team conducted a comprehensive review of Bhutan’s legal and regulatory framework, including the Financial Services Act 2011, the Royal Monetary Authority Act 2010, and various directives governing virtual assets, payment systems, and cross-border remittances. Our advice covered key issues such as licensing and registration requirements, consumer protection standards, AML/CFT obligations, and cross-jurisdictional compliance implications.