Quote:
Originally Posted by - Jesus Christ -
That's not "banning bitcoin". That's saying that all financial instruments they don't specifically allow are illegal. Bitcoin was "banned" before it existed according to this interpretation of the law.
|
Do you have any idea about how Thai government operates ? Do you even know what a statutory authority is ?
In simple language Bitcoin is banned in Thailand. There is a very good piece today in the Financial Review (
www.afr.com.au) about why.
So you will understand, the Foreign Exchange Administration and Policy Department which is a statutory authority has made a ruling that Bitcoin is unlawful to use within Thailand. This ruling is as good as law because as a statutory authority the department has the lawful authority to make such rulings and such rulings are binding within the jurisdiction of Thailand.