[2014-08-21] Bitcoin allowed in Thailand (because it was never banned ;-) )

[LiteCoinGuy]

Bitcoin Ban Fear Fades in Thailand With Exchange Launch


Jaturong Jantarangs, the Bank of Thailand’s senior director of the payment systems policy department, reportedly told the media outlet that trading bitcoins for baht does not require approval or a license from the central bank.

As such, Coins.co.th claims that its exchange is now ‘fully legal’ under Thai law.

The move can be seen as a positive sign for bitcoin’s progress in Asia, given that the Bank of Thailand was widely believed to have banned bitcoin in 2013. The determination also follows statements from the Bank of Thailand issued in March that suggested it did not consider bitcoin a currency.


http://www.coindesk.com/bitcoin-ban-fear-fades-thailand-exchange-launch/