Topic: [2014-05-20] Thailand Bitcoin Exchange Reopens with Enhanced Services (Read 656 times)
News of the exchange being re-opened came out the same day news that martial law was instituted came out? No thanks...
May 20, 2014, 11:12:02 AM
The latest policy is a boilerplate warning; inline with what other countries have issues; basically saying consumers use bitcoin at their own risk and warning that the value could drop at any time:
http://www.nationmultimedia.com/business/Bitcoin-virtual-currency-sparks-BOT-warning-30229523.html
http://www.nationmultimedia.com/business/Bitcoin-virtual-currency-sparks-BOT-warning-30229523.html
OK... so they removed the blanket ban on Bitcoins in Thailand. Good for them. Best wishes for the new local exchange. Hope that Thailand will emerge as one of the prime Bitcoin destinations in Asia, even overtaking Singapore.
May 20, 2014, 10:36:27 AM
I agree! I think Thailand should consider the experience of Cyprus on the use of crypto currency
May 20, 2014, 10:20:38 AM
I don't know how this is possible. Thailand was the first nation in Asia to explicitly ban Bitcoin altogether. That ban still stands as of now. Something smells fishy about this exchange.
Your information is about 5 months out of date.
The latest policy is a boilerplate warning; inline with what other countries have issues; basically saying consumers use bitcoin at their own risk and warning that the value could drop at any time:
http://www.nationmultimedia.com/business/Bitcoin-virtual-currency-sparks-BOT-warning-30229523.html
The coindesk article is slightly inaccurate because we have already been operating OTC trading since Feburary. But we have now launched a new full exchange website also.
May 20, 2014, 10:02:20 AM
I don't know how this is possible. Thailand was the first nation in Asia to explicitly ban Bitcoin altogether. That ban still stands as of now. Something smells fishy about this exchange.
May 20, 2014, 08:09:17 AM
I heard Thailands economy is really struggling at the moment. They should put some of their money in coins.
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