“It’s been months since Thailand’s largest Bitcoin exchange was forced to stop trading after the Bank of Thailand ruled that Bitcoin is ‘not a currency’. However, as of February 15, Thailand’s Bitcoin.co.th is ready to operate all types of Bitcoin transactions once again. From the Bank of Thailand’s letter (PDF in Thai), the current situation is that Bitcoin can be traded in Thailand so long as it’s only converted to/from Thai baht. So Bitcoin cannot be used as a way of converting foreign currencies in the nation. The country’s top bank says it has no plans to expand the laws to regulate Bitcoin.”
http://www.techinasia.com/bank-thailand-countrys-top-bitcoin-exchange-resume-operations/
Related posts:
'There Are Fortunes To Be Made In The Tech Sector'
Excerpt from Michael Hastings’ “The Operators” Re: Death Threats
Why the IRS Can Now “Ground” You
Silk Road closure reportedly cuts off supply of drug for assisted suicides
'Fake' Reform: Little to Celebrate as USA Freedom Act Passes House
Former White House ‘intellectual property czar’ jumps to anti-piracy lobby BSA
Government Medical Propaganda Comes to Television
Activision R&D Real-time 3D Character Demo
Japanese Man Arrested for Making 3D Printed Gun
Meet the NSA's disturbing Earth Day mascot, Dunk
Wyoming Forced To Return $91K Stolen From Musician With 'Roadside Waiver'
Civil Libertarians Appalled by Tsarnaev Manhunt, Boston Residents Thrilled
Exante’s Bitcoin Fund Reports YTD Performance of 4,847%
Monsanto wins patent lawsuit against farmer who bought grain from elevator
Fed's Janet Yellen: Debt Free Multi-Millionaire