Thailand Bans Bitcoin

[CurbsideProphet]

The ruling means it is illegal to buy and sell Bitcoins, buy or sell any goods or services in exchange for Bitcoins, send any Bitcoins to anyone outside of Thailand, or receive Bitcoins from anyone outside the country.

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

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[Tomatocage]

LOL

[AliceWonder]

I guess I'm going to have to go somewhere else to find ladyboys that take bitcoin. Damn.

[Remember remember the 5th of November]

This kind of blows.

[superduh]

noooooooooooo... not again
a repost of the same topic AND another newspaper who can't factcheck.
sad.

[EscrowBTC]

Weird.

[razorfishsl]

Because it is not as fun for the patrons and women to stick a cyber currency in  the cat sanctuary......

[Phinnaeus Gage]

The ruling means it is illegal to buy and sell Bitcoins, buy or sell any goods or services in exchange for Bitcoins, send any Bitcoins to anyone outside of Thailand, or receive Bitcoins from anyone outside the country.

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

Is they pissed cause we no bring Bitcoin Expo to Pattaya?

[Phinnaeus Gage]

I missed the memo! When did Bitcoin get lips?

Bitcoin said it "has no choice but to suspend operations until such as time that the laws in Thailand are updated to account for the existance [sic] of Bitcoin", adding that "the Bank of Thailand has said they will further consider the issue, but did not give any specific timeline".

[CurbsideProphet]

noooooooooooo... not again
a repost of the same topic AND another newspaper who can't factcheck.
sad.

Are you saying it isn't true?  Can you provide a link?  (And sorry if it's a repost, I checked here and press section, didn't see anything)

[CurbsideProphet]

I missed the memo! When did Bitcoin get lips?

Bitcoin said it "has no choice but to suspend operations until such as time that the laws in Thailand are updated to account for the existance [sic] of Bitcoin", adding that "the Bank of Thailand has said they will further consider the issue, but did not give any specific timeline".

Yeah I noticed that too, kinda odd phrasing but I think they're referring to Bitcoin Co. Ltd, the Thailand company that has suspended operations due to the ruling.

[atomium]

still no facts yet? everyone is posting this but no one is for sure

[Phinnaeus Gage]

I missed the memo! When did Bitcoin get lips?

Bitcoin said it "has no choice but to suspend operations until such as time that the laws in Thailand are updated to account for the existance [sic] of Bitcoin", adding that "the Bank of Thailand has said they will further consider the issue, but did not give any specific timeline".

Yeah I noticed that too, kinda odd phrasing but I think they're referring to Bitcoin Co. Ltd, the Thailand company that has suspended operations due to the ruling.

Andrew Trotman has been banned from providing news in, about, around, etc. Thailand. Somebody said, "Andrew has no choice but to suspend writing until such as time that the laws in Thailand are updated."

[freedomno1]

Hmm Well FU Thailand this is why your country won't develop mumble (Rage)
But seriously that really is interesting news I mean the Thailand Central Bank isn't that powerful in fact until this article I did not even know of its existence to be honest or that Thailand even used a Central bank. That said if other Central Banks follow Thailand's lead it will be interesting

I request a confirming article takes with a grain of salt
COUNTER POST
https://bitcointalk.org/index.php?topic=264389.0

[superduh]

noooooooooooo... not again
a repost of the same topic AND another newspaper who can't factcheck.
sad.

Are you saying it isn't true?  Can you provide a link?  (And sorry if it's a repost, I checked here and press section, didn't see anything)

have you read the "source".

[Serge]

lol. the article if full of BS starting with "Bitcoin said..."


"...due to lack of existing applicable laws, capital controls and the fact that Bitcoin straddles multiple financial facets... Bitcoin activities are illegal in Thailand..."   
- it's illegal but there are no applicable laws    good one.

[freedomno1]

lol. the article if full of BS starting with "Bitcoin said..."


"...due to lack of existing applicable laws, capital controls and the fact that Bitcoin straddles multiple financial facets... Bitcoin activities are illegal in Thailand..."  
- it's illegal but there are no applicable laws    good one.

Well this is the
COUNTER POST
https://bitcointalk.org/index.php?topic=264389.0

Which one is correct I'm leaning more towards the counter post than the telegraph lol since when does bitcoin have its website xd

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

[acoindr]

Apparently the statement came from senior officials at Thailand's central bank the Bank of Thailand, not the the government of Thailand.

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

[Serge]

it's exchange's issue with the bank, same as gox had in the past with various banks and jurisdictions.  just made sound like the whole bitcoin is outlawed.

if bitcoin is illegal - where are the laws governing those activities related to bitcoin? what is a punishment a person get for trading or exchanging bitcoins in Thai?

until there is an official statement from Thai gov. one needs bucket of salt to read thru such crap. imo

what will they do with Litecoin and many other alt coins?  =)   

[bbit]

You can't fix stupid lol