Post
Topic
Board Legal
Re: Bitcoin legality across the globe
by
dree12
on 29/07/2013, 23:17:55 UTC

Thank you, added.

BOT merely provides "suggestions", or "advises" the government. See http://www.bot.or.th/English/AboutBOT/index/Pages/RolesAndResponsibilities.aspx

You made a nice map and you may feel good about using the full palette of colors of your legend, but until the Exchanges Currencies Act of Thailand is updated or superseded by another Act to prohibit Bitcoin, your map is spreading misinformation.


+1

It's not illegal until we hear it first hand from an authoritative source of the law.

Can you review this? My reading seems to suggest that the bank does indeed have the power to enact these regulations. However, I am terrible at reading legalese. I have heard two versions of the story: the Bank is only advisory and the Minister must carry out the regulation, or the Bank is entrusted by the Minister to carry out regulation.