29 Jul '13, 9pm

Thailand Just Became Test Bed For What Happens When Bitcoin Is Banned by @danstuckey @motherboard

Thailand Just Became Test Bed For What Happens When Bitcoin Is Banned by @danstuckey @motherboard

After a whole-hearted attempt to set up shop as a transparent bitcoin exchange, Bitcoin Co. Ltd. has been shutdown by the country's central bank. Although there's no official law prohibiting the use of bitcoins and bitcoin accessories, "senior members of the Foreign Exchange Administration and Policy Department" are those responsible to decide such policies . And their decision is the first of its kind in the world: Bitcoin is now illegal in Thailand. It may just be the biggest bithurt moment yet. Effective immediately—as the exchange's shutdown notice explained—the following activities are now forbidden in Thailand: Buying Bitcoins Selling Bitcoins Buying any goods or services in exchange for Bitcoins Selling any goods or services for Bitcoins Sending Bitcoins to anyone located outside of Thailand Receiving Bitcoins from anyone located outside of Thailand Well, then. That...

Full article: http://motherboard.vice.com/blog/thailand-just-banned-bit...

Tweets

Bitcoin banned in Thailand

cnbc.com 30 Jul '13, 10am

Virtual currency bitcoin has been banned in Thailand, according to a prominent bitcoin exchange that operates in the South...

#Bitcoin just became illegal in Thailand: #btc

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dailydot.com 29 Jul '13, 5pm

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telegraph.co.uk 29 Jul '13, 7pm

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asiancorrespondent.com 31 Jul '13, 2am

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nu.nl 29 Jul '13, 4pm

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gigaom.com 30 Jul '13, 2pm

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rt.com 30 Jul '13, 8am

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yro.slashdot.org 30 Jul '13, 12pm

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blogs.ft.com 30 Jul '13, 7am

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thenextweb.com 30 Jul '13, 7pm

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arstechnica.com 29 Jul '13, 10pm

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