Bitcoin Banned in Thailand

After a conference at the Bank of Thailand yesterday, the Foreign Exchange Administration and Policy Department voted to make the Bitcoin illegal, rendering any current stockpiles worthless. The following Bitcoin activities are now 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

Consequently, Bitcoin Co. Ltd. has suspended trading in Thailand.