[2014-08-18] Bitcoin firm licensed to trade in baht

[cescan]

http://www.bangkokpost.com/business/news/427339/second-bitcoin-company-licensed-to-trade-in-baht

Another bitcoin trading company has emerged as a legally registered entity in Thailand after obtaining e-commerce registration with a local district office in June, with its digital currency trade restricted to baht. The registration was obtained despite doubts over the legality of the virtual currency.

Coins (Thailand) began its service early this year after it was awarded with an e-commerce registration licence by Huay Khwang District Office on June 20 after hiring a local legal advisory team to comply with Thailand's rules and regulations concerning e-commerce, said Ron Hose, the Philippines-based chief executive officer and founder of Coins Co.

[Skinnyman]

That's interesting, especially when I thought Thailand had officially banned it. I wonder if it was the same situation like the china 'ban'.

[Lethn]

That's interesting, especially when I thought Thailand had officially banned it. I wonder if it was the same situation like the china 'ban'.

The Thailand central bank banning Bitcoin news was definitely a fake, that was discovered ages ago.

[bobcaticus]

If a country wanted to "ban" bitcoin, it would have done so already.

Iceland, Russia, Vietnam and China all have it "banned", yet all of them have very healthy meetups, user groups, businesses and associations.  Don't believe the press or propaganda. 

[Chef Ramsay]

It would be interesting to track usage and progress in areas where these exchanges and ATMs are getting off the ground.

[bobcaticus]

It would be interesting to track usage and progress in areas where these exchanges and ATMs are getting off the ground.

Exchanges is being worked on.   ATMs and POS terminals might be another harder subject to nail down.  I found out recently that Coinkite (for example) has  a privacy setup option: unless the owners make them public we actually don't know who takes it.

[TheButterZone]

BTC and ฿

So meta.