It will trade exclusively in Thai Baht =D>
http://www.bangkokpost.com/business/mar ... arketplace
Bit coin in Thailand now
Bit coin in Thailand now
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
Bit coin in Thailand now
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."bumper wrote:It will trade exclusively in Thai Baht =D>
http://www.bangkokpost.com/business/mar ... arketplace
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?
Bit coin in Thailand now
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
Bit coin in Thailand now
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
Major Bitcoin Exchange Said to Be Insolvent
http://abcnews.go.com/Technology/wireSt ... e-22659363