BKK, how much is this following news going to screw you?
following Bitcoin activities are illegal in Thailand:
- Buying Bitcoins
- Selling Bitcoins
- Buying any goods or services in exchange for Bitcoins
- Selling any goods or services for Bitcoins
- Sending Bitcoins to anyone located outside of Thailand
- Receiving Bitcoins from anyone located outside of Thailand
Source:
https://bitcoin.co.th/trading-suspended-due-to-bank-of-thailand-advisement/?bettertitleObviously anyone in Thailand will have to trade their BTC quietly as the law is unlikely to be enforceable unless you advertise what you are doing. Keep your BTC wallet offshore so no transactions passing though Thai jurisdiction, though technically the blockchain is everywhere. Litecoin would be an alternative.
However in this case it's simply poor reporting, as The Bank of Thailand has no legal power see:
https://bitcointalk.org/index.php?topic=264389.0