29 Jul '13, 10pm

Thailand bans using Bitcoin in any way, local startup reports

A Bitcoin startup based in Thailand now says that it has suspended all operations because the Bank of Thailand has effectively banned bitcoins in the southeast Asian country. As Bitcoin Co. Ltd. reports: At the conclusion of the meeting, 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 the following Bitcoin activities are illegal 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 This appears to be the first time that any country has outright banned the digital crypto currency . Further, it remains un...

Full article: http://arstechnica.com/tech-policy/2013/07/thailand-bans-...

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dailydot.com 29 Jul '13, 5pm

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rt.com 30 Jul '13, 8am

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