bitcoin.co.th trading suspended - page 8.

J603

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Quote from: smscotten on July 29, 2013, 12:22:01 PM

Theoretically, I could see the similarity between the commonly-used BTC and ฿ being the source of antifraud kinds of laws. On the other hand, I'd say someone who thought they were receiving ฿1000 and ended up with BTC1000 should keep their head down and enjoy their good fortune.

What is ฿, as opposed to BTC?

smscotten

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Theoretically, I could see the similarity between the commonly-used BTC and ฿ being the source of antifraud kinds of laws. On the other hand, I'd say someone who thought they were receiving ฿1000 and ended up with BTC1000 should keep their head down and enjoy their good fortune.

J603

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Quote from: ?? on ??

Quote from: J603 on July 29, 2013, 11:14:58 AM

I haven't found a reliable source for this yet. Does anyone have one? And please don't link to reddit or another thread on here. If the reddit or bitcointalk thread has a source, I'd like that.

OP is the only source. And his link is to his own website.

That is why this should not be in the press section. OP is not in the media.

To be fair, when I googled "Bitcoin illegal in Thailand" a lot of sites came up saying that it was. But they were all small time and none looked reliable. I figure that if bitcoins were made illegal major news sites would be on top of it.

smscotten

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Quote from: Spekulatius on July 29, 2013, 10:40:13 AM

Quote from: smscotten on July 29, 2013, 06:35:01 AM

Quote from: dave111223 on July 29, 2013, 06:28:44 AM

On the plus side you can still mine...and send the bitcoins as gifts (within Thailand) Cheesy

Which, I take it, would also mean only mining in pools within Thailand, otherwise the bitcoin you receive would be from outside Thailand and therefore illegal importation.

The funny thing is: Bitcoins are not from inside or from outside of Thailand or any other country! They are on the blockchain, thus exist in etheral cyberspace that has no nationality. Due to its decentralized nature, there are not even servers you could tie it down to.

Well, sure. I would agree with that. But if a country decided it wanted to make Bitcoin use illegal, they probably wouldn't trouble their ugly heads about such distinctions.

cbeast

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Let's talk governance, lipstick, and pigs.

There shall be No Bitcoin!

flibbr

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Quote from: dave111223 on July 29, 2013, 06:25:42 AM

Quote from: smscotten on July 29, 2013, 06:24:53 AM

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.

Wow gold coins also ?

J603

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I haven't found a reliable source for this yet. Does anyone have one? And please don't link to reddit or another thread on here. If the reddit or bitcointalk thread has a source, I'd like that.

Spekulatius

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Quote from: smscotten on July 29, 2013, 06:35:01 AM

Quote from: dave111223 on July 29, 2013, 06:28:44 AM

On the plus side you can still mine...and send the bitcoins as gifts (within Thailand) Cheesy

Which, I take it, would also mean only mining in pools within Thailand, otherwise the bitcoin you receive would be from outside Thailand and therefore illegal importation.

The funny thing is: Bitcoins are not from inside or from outside of Thailand or any other country! They are on the blockchain, thus exist in etheral cyberspace that has no nationality. Due to its decentralized nature, there are not even servers you could tie it down to.

dexX7

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Quote from: Chang Hum on July 29, 2013, 06:54:41 AM

Just stash them up ya arse mate

Quote from: dave111223 on July 29, 2013, 07:28:47 AM

In my home country of America, the fundamental basis of law is that every act is LEGAL, unless there is a law that makes that act illegal. Thailand’s fundamental basis of law is quite different – in Thailand, every act is ILLEGAL, unless there is a law (and process, and procedure) to make it legal.

Quote from: El Cabron on July 29, 2013, 07:46:25 AM

Really man you just lost all credibility and can never gain it back. I hope this gets moved to speculation or maybe off topic.

Quote from: blacksmithtm on July 29, 2013, 08:56:00 AM

In the west, we are more informed, so the government cant get away with random things like this. So thats the difference between uninformed people, and more or less well-informed people, its what their government gets away with.

Quote from: BitChick on July 29, 2013, 09:25:09 AM

And this is why my husband and I decided not to buy when BTC was only $1. We were afraid of being thrown in jail because we were tied to something that could be seen as tied to money laundering etc.

Quote from: Reddit

http://www.reddit.com/r/Bitcoin/comments/1j9pc4/time_to_boycott_thai_goods/

franky1

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i don't think it is the law at all. if anything i think it is the banks of thailand agreeing to make any wire transfers to known bitcoin exchanges, be classed as high risk. it would be more at aiming to stop businesses from getting money transmitter licences within thailand to set up exchanges.

there is nothing stopping people going to an ATM withdrawing their baht and meeting up at a local bar/coffee shop to do a paper fiat for bitcoin exchange.

just be careful trying to do wire transfers from a thai bank into places like mtgox/bitstamp

Chang Hum

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Op regarding Goats post showing you've started a thread inciting people to boycott thai goods, I feel absolutely ashamed we live in the same country and completely disgusted.... who in their fucking right mind uses Redit?

niko

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There is more to Bitcoin than bitcoins.

This thread stinks. There are no cases of anyone being prosecuted for legitimate bitcoin transactions in Thailand. The whole discussion is based on hearsay and irrelevant statements and interpretations from irrelevant people. Don't waste your time here.

sukiho

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I very much doubt that those bankers even know what BTC is. I would guess its not a good idea to start an exchange in Thailand without the right connections as you would be setting yourself up as an obvious target with money, but as far as buying or selling BTC they are incapable of policing it even if they wanted to which Im sure they dont.

darkmule

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The bankers in Thailand are basically the very same idiots who tanked the entire Asian economy in 1997 by being too stupid to understand how currency works. While this is disappointing, it really shouldn't be surprising.

BitChick

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Quote from: phorensic on July 29, 2013, 09:04:36 AM

Quote from: solex on July 29, 2013, 05:31:46 AM

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.

I'm sorry, but in America you can get arrested and thrown in jail for doing things that are not illegal. Police officers will throw things at you and see what sticks in court. If they have never seen someone do the same before they will invent some new law or modify one on the fly. If you have a shitty judge, attorney, or jury, you will be screwed. America is not as free as the rest of the world would like to think it is. I'm afraid to do MANY things that would seem cool or fun because of our legal system.

Source: I've been through the legal system once. Although it was totally my fault.

And this is why my husband and I decided not to buy when BTC was only $1. We were afraid of being thrown in jail because we were tied to something that could be seen as tied to money laundering etc. We waited until we noticed there was some regulation. That perhaps cost us thousands of dollars in that we could not buy as much BTC. Oh well. We are not in jail though. Wink

phorensic

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Quote from: solex on July 29, 2013, 05:31:46 AM

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.

I'm sorry, but in America you can get arrested and thrown in jail for doing things that are not illegal. Police officers will throw things at you and see what sticks in court. If they have never seen someone do the same before they will invent some new law or modify one on the fly. If you have a shitty judge, attorney, or jury, you will be screwed. America is not as free as the rest of the world would like to think it is. I'm afraid to do MANY things that would seem cool or fun because of our legal system.

Source: I've been through the legal system once. Although it was totally my fault.

greyhawk

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Quote from: blacksmithtm on July 29, 2013, 08:56:00 AM

In the west, we are more informed, so the government cant get away with random things like this.

blacksmithtm

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The only freedom is freedom from illusion. Or rather, the people of thailand dont stand much chance against laws like these, as long as they remain uninformed or misinformed. In the west, we are more informed, so the government cant get away with random things like this. So thats the difference between uninformed people, and more or less well-informed people, its what their government gets away with.

greyhawk

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Quote from: El Cabron on July 29, 2013, 07:46:25 AM

Guys.. If OP did not invest a significant amount of money in his business I would say he is just trolling. The people in that meeting do not make laws. Even if they thought what OP was doing was illegal that does not make it a fact. I'm going to assume here the guys were talking about running an exchange and not BTC itself.

OP is making Thailand look bad and anyone who knows anything will know OP is just so far off it is not even funny.

OP get a real lawyer and read some law. Almost everything has been translated into English. Really man you just lost all credibility and can never gain it back.

Are you even allowed to type words on an Internet? Please quote the law allowing you to do so.

El Cabron

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Guys.. If OP did not invest a significant amount of money in his business I would say he is just trolling. The people in that meeting do not make laws. Even if they thought what OP was doing was illegal that does not make it a fact. I'm going to assume here the guys were talking about running an exchange and not BTC itself.

OP is making Thailand look bad and anyone who knows anything will know OP is just so far off it is not even funny.

OP get a real lawyer and read some law. Almost everything has been translated into English. Really man you just lost all credibility and can never gain it back.

edit: I also reported this for being in the wrong section. Your exchange is not the media and any person in the press would check into your story a bit and see if what you claim is true.

I hope this gets moved to speculation or maybe off topic.

Topic: bitcoin.co.th trading suspended - page 8. (Read 21715 times)