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Author Topic: BitCoin ruled illegal in Thailand  (Read 4470 times)
kibblesnbits (OP)
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July 29, 2013, 12:25:01 PM
Last edit: July 29, 2013, 12:44:45 PM by kibblesnbits
 #1

First shot across the bow!  Thailand rules that all transactions involving BTC are illegal.  Wonder how they'll enforce it...

https://bitcoin.co.th/trading-suspended-due-to-bank-of-thailand-advisement/?bettertitle

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Buying Bitcoins
Selling Bitcoins
Buying any goods or services in exchange for Bitcoins
Selling any goods or services for Bitcoins
Sending Bitcoins to anyone located outside of Thailand
Receiving Bitcoins from anyone located outside of Thailand

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champbronc2
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July 29, 2013, 12:59:43 PM
 #2

Say whaaa?!  Shocked

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turtle83
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July 29, 2013, 02:07:42 PM
 #3

Wonder how they'll enforce it...

Apologies for going off topic.... but... you would be surprised whats legal/illegal in Thailand. Every person in Thailand probably breaks dozzens of laws on a daily basis which the authorities choose to ignore until you've stepped on the wrong toes...

http://www.stupidlaws.com/laws/countries/thailand/
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It is illegal to not wear underwear in public.
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No one is permitted to swim across a river unless they have a coin in their pocket.

escrow.ms
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July 29, 2013, 02:11:51 PM
 #4

Bad news for Goat.
vlaoou321
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July 29, 2013, 05:10:33 PM
 #5

BAD NEWS Shocked

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TheButterZone
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July 29, 2013, 07:47:32 PM
 #6

FUD flag thrown: https://bitcointalk.org/index.php?topic=264389.0

Saying that you don't trust someone because of their behavior is completely valid.
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July 29, 2013, 09:06:02 PM
 #7

All they have done is create a black market for Bitcoins.    Unforceability is the problem.   

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joae1975
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July 29, 2013, 09:24:20 PM
 #8

I'll bet this is a testing ground for other countries.  Kinda like the test they did with Cypress.  Bitcoin won on Cypress and will win here.

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joae1975
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July 30, 2013, 04:33:05 AM
 #9

btc is legal in thailand, you all got trolled...


Not I sir.  What I'm saying is I think the bankers are throwing this out there for some media hype and as a scare tactic to test the waters.  The price actually went up recently.  Can't stop a locomotive.

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joae1975
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July 30, 2013, 04:59:46 AM
 #10

btc is legal in thailand, you all got trolled...


Not I sir.  What I'm saying is I think the bankers are throwing this out there for some media hype and as a scare tactic to test the waters.  The price actually went up recently.  Can't stop a locomotive.

no bankers did not, it was a drunk troll who posted on his own website. then linked it here in the press section and people started to think it might be true. there is no source for this and the logic the troll is using is just silly.
It's all over the media. Not from a troll.

http://mobile.theverge.com/2013/7/29/4569126/bitcoin-tries-to-become-legal-currency-in-thailand-gets-outlawed

http://www.telegraph.co.uk/finance/currency/10210022/Bitcoins-banned-in-Thailand.html

http://blogs.marketwatch.com/thetell/2013/07/29/bitcoin-now-illegal-in-thailand/?mod%3DMW_latest_news

http://www.wired.co.uk/news/archive/2013-07/29/bitcoin-illegal-in-thailand

http://thenextweb.com/asia/2013/07/30/thailands-government-rules-bitcoin-as-illegal-resulting-in-an-indefinite-trading-suspension/

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joae1975
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July 30, 2013, 05:34:48 AM
 #11

btc is legal in thailand, you all got trolled...


Not I sir.  What I'm saying is I think the bankers are throwing this out there for some media hype and as a scare tactic to test the waters.  The price actually went up recently.  Can't stop a locomotive.

no bankers did not, it was a drunk troll who posted on his own website. then linked it here in the press section and people started to think it might be true. there is no source for this and the logic the troll is using is just silly.
It's all over the media. Not from a troll.

http://mobile.theverge.com/2013/7/29/4569126/bitcoin-tries-to-become-legal-currency-in-thailand-gets-outlawed

http://www.telegraph.co.uk/finance/currency/10210022/Bitcoins-banned-in-Thailand.html

http://blogs.marketwatch.com/thetell/2013/07/29/bitcoin-now-illegal-in-thailand/?mod%3DMW_latest_news

http://www.wired.co.uk/news/archive/2013-07/29/bitcoin-illegal-in-thailand

http://thenextweb.com/asia/2013/07/30/thailands-government-rules-bitcoin-as-illegal-resulting-in-an-indefinite-trading-suspension/

yes, but what is their source?

keep in mind the media report that the real press is copying got moved out of the press section cuz "FUD".

You and they all got trolled.
When I first read those headlines, the first thought that popped into my head was "bankers can't make laws."  All central banks in the world are in cahoots with each other.  They decided to test this threat on a small innocuous country and see where it takes them. 

I understand you're having fun calling people trolls but you seem to be quite the troll as you call others trolls.  No offense taken.

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marketalchemy
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July 30, 2013, 06:52:20 AM
 #12

btc is legal in thailand, you all got trolled...




An online website from the UK definitely reported that the Thailand court ruled that the exchange of bitcoins for currency is illegal. At least if it involves an international transaction.
joae1975
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July 30, 2013, 07:02:32 AM
 #13

http://codinginmysleep.com/bitcoin-illegal-in-thailand-sort-of-not-really-maybe/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+CodingInMySleep+%28Coding+In+My+Sleep%29

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July 30, 2013, 07:06:46 AM
 #14

This puts a blocker on one BTC project I know that's running in Thailand now.
I suspect there's going to be some positive news next month.

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July 30, 2013, 08:02:57 AM
 #15

One cannot just stop the fud machine. Thailand is not the place where any written law have considerate meaning.
joae1975
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July 30, 2013, 08:03:56 AM
 #16

Yeah I read it dude. I'm just posting a blogger's opinion.  We'll see how this plays out.

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joesmoe2012
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July 30, 2013, 11:56:23 AM
 #17

First I should say I completely believe that Goat would know what he's talking about here...

Secondly, my dutch friend was just telling me he read about bitcoin being made illegal in thailand.

Not sure how this FUD can be being spread sooo far!

Check out BitcoinATMTalk - https://bitcoinatmtalk.com
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July 30, 2013, 12:09:19 PM
 #18

I know right!   Some random guy running a suspected scam site makes some crazy claims and the next thing i know i have 100 PMs and E-mails telling me to leave Thailand!

You better grab your doe and kids and hoof it to the nearest bleating boat, NEAHHH!
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July 30, 2013, 01:18:48 PM
 #19

Secondly, my dutch friend was just telling me he read about bitcoin being made illegal in thailand.

Confirmed, an article with the title "Thailand bans Bitcoin" was on the homepage of one of the main news websites this morning. Only inside the article you would find that their only "source" was this blogger.
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July 30, 2013, 01:24:57 PM
 #20

First I should say I completely believe that Goat would know what he's talking about here...

Secondly, my dutch friend was just telling me he read about bitcoin being made illegal in thailand.

Not sure how this FUD can be being spread sooo far!


I know right!   Some random guy running a suspected scam site makes some crazy claims and the next thing i know i have 100 PMs and E-mails telling me to leave Thailand!

Insane!

Pi Goat,
Ive used their exchange in the past, did not get scammed. Ive also used bahtcoin.com cpl of times, it seems they are still operational.

Question to you is... in your opinion... is it this exchange trolling us, or is it BOT trolling the exchange?

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