Bhutan Denies Selling $1 Billion in Bitcoin Amid Significant Outflows
- Over $1 billion in bitcoin has reportedly left wallets linked to Bhutan in the past year.
- The funds have been flowing to various exchanges and trading firms, raising questions about their use.
- Bhutan’s government claims it has not sold any bitcoin during this period.
The significant outflow of bitcoin from Bhutanese wallets highlights potential discrepancies between reported holdings and actual transactions. This situation draws attention to the country’s cryptocurrency management practices and their transparency.
Despite over $1 billion in bitcoin leaving its wallets, Bhutan maintains that it has not engaged in any sales of the cryptocurrency. (Source)
