01 Aug '13, 4pm

Is Bitcoin Really Illegal in Thailand?

Is Bitcoin Really Illegal in Thailand?

Earlier this week, Thailand's national bank ruled Bitcoin illegal . The news came as a shock to many who use the virtual currency, especially those who are not Thai, and the ruling left people wondering: Can the bank make laws? The answer is "yes and no." Bitcoin exchange services in Thailand weren't actually declared "illegal," per se, but Bitcoin Co. Ltd. — the company this news originally came from — has been operating in Thailand without a license, which is illegal. Any type of currency exchange service in Thailand needs to get a license from the Bank of Thailand, according to the Exchange Control Regulations in Thailand whether it's "real" money or not. That's why Bitcoin Co. Ltd. needed to be authorized to operate, and since it didn't have that authorization, it was forced to shut down. Prasan Trairatworakun, Bank of Thailand's governor, says that the bank hasn't app...

Full article: http://mashable.com/2013/08/01/bitcoin-thailand/

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Is Bitcoin Really Illegal in Thailand?

techinasia.com 01 Aug '13, 3am

On July 30th, there was news that Thailand’s national bank had ruled Bitcoin illegal . Of course, this came in as a shock ...

Is Bitcoin Really Illegal in Thailand?

networkedblogs.com 01 Aug '13, 4pm

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Bitcoin and Thailand: what's really happening? - Memeburn

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memeburn.com 01 Aug '13, 3pm

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Trading suspended due to Bank of Thailand advisement July 29, 2013 The purpose of the following statement is designed only...

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

hypnosec writes that the government of Thailand "has declared Bitcoin illegal following which all trading activities relat...

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inc.com 31 Jul '13, 2pm

Eric Markowitz | Inc.com staffJul 31, 2013 Bank of Thailand Outlaws Bitcoin, Internet Laughs Thailand's central bank decid...

Thailand Government declares Bitcoin illegal, trading suspended indefinitely

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paritynews.com 30 Jul '13, 6am

Thailand has declared Bitcoin as illegal following which all trading activities related to the electronic currently has be...

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QZ.com 31 Jul '13, 8am

It was big news this week when a Bangkok startup announced that Thailand had outlawed Bitcoin, making it the first country...

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dailydot.com 29 Jul '13, 5pm

In a country where Bitcoin is illegal, only criminals will use Bitcoin. The world’s most popular peer-to-peer electronic c...

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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...

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coindesk.com 29 Jul '13, 9pm

A Thai bitcoin exchange has suspended trading alleging that the Bank of Thailand has declared the cryptocurrency illegal, ...

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thenextweb.com 30 Jul '13, 7pm

Just typical. I took today off of work and my adopted homeland of Thailand made global headlines after a local startup cla...

Thailand may not have banned Bitcoin after all (but it certainly isn’t clear) by @jonrussell

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thenextweb.com 30 Jul '13, 7pm

Just typical. I took today off of work and my adopted homeland of Thailand made global headlines after a local startup cla...

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thenextweb.com 30 Jul '13, 4am

Thailand’s government has ruled electronic currency Bitcoin as illegal in the Southeast Asian country, leading to an indef...

Thailand’s government rules Bitcoin as illegal,...

thenextweb.com 30 Jul '13, 4am

Thailand’s government has ruled electronic currency Bitcoin as illegal in the Southeast Asian country, leading to an indef...