Thailand Government to amend AML laws to regulate cryptocurrency. Regulations like these are more likely to help people transact with confidence.
LOL you must be kidding. These laws are likely to make Thai move to another country so they can move their funds without anyone looking into it.
The thing is merchants that accept Bitcoin is limited. We cannot use Bitcoin anywhere we wanted. Sad, but it is the fact. We have to accept the government regulations and it won't push thru to mass adoption if the government will not regulate it. This regulation resolve an issue about public confidence.
Remember that Bitcoin was originally supposed to be anonymous and impossible to trace. If it becomes like a fiat currency then it's useless.
Bitcoin were never been fully anonymous and it is very transparent that your idea of impossible to trace is somehow off. And bitcoin is supposedly to function as currency just like fiat (mode of payment). It seems you are confused. And we have to accept the fact that without government approval/regulation, Bitcoin won't move forward because majority of the people always look for the authorities approval.