Quote:
Originally Posted by - Jesus Christ -
If the ruling was based on EXISTING LAW. It was already illegal to use bitcoin.
My first post was not accurate, but bitcoin was not just banned.
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No that's not correct.
The statutory authority, the Foreign Exchange Administration and Policy Department has the legal standing to make rulings, once a ruling is made it has the same effect as law because it is the law that rulings of the Foreign Exchange Administration and Policy Department must be adhered to within Thailand.
It's the same as in Australia with the tax office. If anything is unclear you can ask the ATO to make a ruling, once the ruling is made it becomes binding as if it were law.
In any case, if you're in any doubt go to Thailand and test the law, DWB and I will come see you in Klong Prem