Bit coin in Thailand now

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bumper
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Bit coin in Thailand now

Post by bumper » February 20, 2014, 9:46 am

It will trade exclusively in Thai Baht =D>

http://www.bangkokpost.com/business/mar ... arketplace


I reserve the right to be wrong, mispell words type badly. leave words out of sentences because my mind works faster then my fingers. To be an OLD GIT I've earned it

rreddin
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Bit coin in Thailand now

Post by rreddin » February 20, 2014, 12:00 pm

bumper wrote:It will trade exclusively in Thai Baht =D>

http://www.bangkokpost.com/business/mar ... arketplace
This, from the BP made me smile: "Last year, Bitcoin Co Ltd sought permission from the central bank to operate a virtual money exchange here but was told bitcoin activities are illegal in Thailand because there is no Thai law regarding digital currency trading." :lol:

This example from rest of the BP's article serves to offer more proof, if it were needed, that the bureaucratic mind is a universal constant.

"The letter [from the BoT] also stated that even though the company allows its customers to trade bitcoins only for baht, it could not prevent customers from exchanging bitcoins for foreign currencies either locally or abroad, so the business is involved with foreign currency exchange and falls under the Thailand Exchange Control Act of 1942. “Hence, the company cannot operate that kind of business,”"". My emphasis added.

How long will it be before there is a thriving grey market in Bitcoins in Thailand?

bumper
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Bit coin in Thailand now

Post by bumper » February 20, 2014, 12:25 pm

Good call missed that part, 585% gain would be nothing to cry about. But, as you point out doesn't look like the fat lady has done her song yet.
I reserve the right to be wrong, mispell words type badly. leave words out of sentences because my mind works faster then my fingers. To be an OLD GIT I've earned it

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Charlieb
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Bit coin in Thailand now

Post by Charlieb » February 26, 2014, 8:40 am

Maybe something like the following news story is enough to give one pause :?:

Major Bitcoin Exchange Said to Be Insolvent
http://abcnews.go.com/Technology/wireSt ... e-22659363

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