Thailand Government to amend AML laws to regulate cryptocurrency. Regulations like these are more likely to help people transact with confidence.
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.
Fair enough, I guess I need to read the white paper again. I am here to learn after all. LMAO
I have no love for Thailand after what they attempted to do to our fellow user Elwar, remember Thailand still isn't a just fair country, if they decide they want your coins, then they'll say you've done something illegal and take them.
Yep, a thug country. Once I was at Bangkok airport, I asked if it possible to take a shower and a guy sent me to a massage place where I could sleep with whores in exchange of money, obviously not what I was asking for.
I know Elwar liked that country a lot but it became pretty obvious that they are an oligarchy and only those with power are somewhat safe.
Yep. Disgusting place!
