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Bhutan Mobilizes 10,000 Bitcoins to Create a City of Full Conscience and Retain Its Youth
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Bhutan announced on Wednesday an ambitious project: to use up to 10,000 bitcoins, worth about $1 billion, from its national cryptocurrency reserve, to finance a special economic zone to boost employment and retain its youth. The Himalayan kingdom, known to promote the concept of "gross national happiness", faces a high unemployment rate. Every year, thousands of young people leave the country looking for jobs: the most educated often leave in Au…
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