The Bangkok Post reported this week that Thailand’s business authorities have officially registered bitcoin exchange Coins Co., making the company a fully legal e-commerce company in the country. The move strongly suggests that the seemingly hostile attitude towards digital currency seen earlier this year from Thai authorities, including a statement from the Bank of Thailand […]

Last week, the Bank of Thailand issued a statement reversing its previous stance that trading in Bitcoin violated national law. This announcement prompted Thailand’s only Bitcoin exchange, Bitcoin Co Ltd, to resume trading in baht, the national currency. Yesterday, Thailand’s central bank issued a new statement that effectively reverses their last stance, once again calling […]

In August of 2013, the Bank of Thailand released a strongly worded letter explaining that Bitcoin was an “illegal” form of currency in the country. Even though Thailand’s central bank lacked the authority to actually make trading in Bitcoin a crime, the disapproval was strong enough that public trading in Bitcoin was effectively halted in […]