BlockFiAnd Celsiusbankruptcies experienced, Kingdom of Bhutan‘s investments, which were previously kept secret from the public, were revealed.
Butane‘s $2.9 billion national investment arm Druk Holdings & Investments, April 15dated forbesAccording to documents revealed in the report, bankrupt crypto loan companies BlockFiAnd CelsiusHe was a client of
Druk Borrowed 30 Million USDC
According to the published report, Celsiusduring the three months that the bankruptcy filing continues. Druk, of $65 millionwithdrawn money and digital assets $18 millionmade investment.
BlockFi filed a charge that Druk did not return the $30 million loan he received. allegedly Druk, February 2022‘also 1,888 BTCagainst the guarantee of 30 million USDC borrowed money. However, according to BlockFi’s claims, Druk refused to return the entire loan.
According to the reports released, Druk Holdings & InvestmentsBetween April and June 2022 Bitcoin, Ethereum and TetherIt has processed dozens of transactions, including deposits, withdrawals and borrowings of many crypto-assets.
These developments are not the first time that Bhutan and cryptocurrencies are used in the same sentence. 2021Finbold, Ripple’s central bank in Bhutan. Royal Monetary Authority (RMA) announced that it has signed a cooperation agreement with agreement, a CBDCaimed to run a pilot project to facilitate cross-border and wholesale payment through its solution.
