Bank of Thailand: Bitcoin exchanges can resume operations

“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/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin