Post
Topic
Board Service Discussion
Re: 2013-07-29 Bitcoin Illegal in Thailand
by
solex
on 29/07/2013, 09:31:46 UTC
And here guys and gals is the whole difference between the First World and Third World, between a free society and controlled society:

"At the conclusion of the meeting senior members of the Foreign Exchange Administration and Policy Department advised that due to lack of existing applicable laws, capital controls and the fact that Bitcoin straddles multiple financial facets the following Bitcoin activities are illegal in Thailand..."

In a free country you do what you like as long as it is not illegal. In a controlled un-free country you can only do what is legally allowed.

As a side note, too bad for Thailand, missing the Bitcoin and cryptocurrency train. They will regret it.