I'll have to remember to only spend Litecoin on my next trip to Thailand.
Alt-coins were discussed at the meeting, same rules apply.
Topic: bitcoin.co.th trading suspended - page 10. (Read 21715 times)
Alt-coins were discussed at the meeting, same rules apply.
I'll have to remember to only spend Litecoin on my next trip to Thailand.
but as I understand, it's not a law, but just conclusion of bunch of idiots at the meeting.
When a senior official at a central bank tells you point-blank, "buying or selling bitcoins is illegal", unless you have a seriously large legal fund and willing to fight all the way to the constitutional courts if necessary, you take it seriously.
but as I understand, it's not a law, but just conclusion of a bunch of idiots at the meeting.
Shit do you know if you can still make a transfer to your tba off an exchange?
Negative sense for Thailand, not bitcoin...
Is this for real? This is huge (in the negative sense) news if true.
Is the source credible?
Is the source credible?
Holy cow!
And violators will be beheaded ?
And violators will be beheaded ?
The lucky ones. The others get stomped on by elephants.
Holy cow!
And violators will be beheaded ?
And violators will be beheaded ?
And here guys and gals is the whole difference between the First World and Third World, between a free society and controlled society:
"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..."
In a free country you do what you like as long as it is not illegal. In a controlled un-free country you can only do what is legally allowed.
As a side note, too bad for Thailand, missing the Bitcoin and cryptocurrency train. They will regret it.
"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..."
In a free country you do what you like as long as it is not illegal. In a controlled un-free country you can only do what is legally allowed.
As a side note, too bad for Thailand, missing the Bitcoin and cryptocurrency train. They will regret it.
Jump to: