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Thread: Bitcoins Banned In Thailand

  1. #1
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    Default Bitcoins Banned In Thailand



    "Senior members of the Foreign Exchange Administration and Policy Department advised that due to lack of existing applicable laws, capital controls and the fact that Bitcoin straddles multiple financial facets... Bitcoin activities are illegal in Thailand".

    The ruling means it is illegal to buy and sell bitcoins, buy or sell any goods or services in exchange for bitcoins, send any bitcoins to anyone outside of Thailand, or receive bitcoins from anyone outside the country.
    http://www.telegraph.co.uk/finance/c...-Thailand.html

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    Default Re: Bitcoins Banned In Thailand

    Seeing as they're anonymous, not sure how enforcement is gonna deal with that.......good luck.

    Also, cryptocurrency could be viewed as a means of bartering and trade, not "currency" per se, which means outlawing bartering and trading for goods is illegal? Let's think about that for a second.....capitalism, trade.....banned.......ummm...........might wanna rethink that Thailand!

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