according to Voice of China «CNR News» reported that Internet currency — Bitcoin has experienced since its launch after several ups and downs. It is in this pursuit of money to get the same time, it also ushered in a bad news: The Thai government will prohibit bitcoins in its domestic circulation.
According to a local Thai bitcoin startups yesterday (the 30th) broke the news, because the Bank of Thailand has been completely banned the circulation of Bitcoin transactions, so they had to terminate all business, which over the past nine months, the company is moving to Thailand licensing authority for the relevant licenses to conduct legal transactions in Thailand, including the Bank of Thailand. Bank of Thailand approved the start of the bank's currency exchange business license, but at the time the Bank of Thailand did not put bitcoin as a currency to be treated, so the Bank of Thailand on July 29 again this past head of the company called a meeting to learn bits currency in the end is what it is.
There are about 15 Thai Bank officials participated in the meeting, at the meeting, the company general manager to the officials present were explained in detail the ins and outs of Bitcoin, the company's vision for the future mode of operation as well, had felt this company statements to officials at the meeting feeling good, but I did not expect the Bank of Thailand made such final decision. He said the Bank of Thailand and foreign exchange management departments and relevant senior officials, after consultation, they agreed that because of the lack of relevant laws and regulations, financial management and control measures and pen credits bit worried about the financial sector and across a number of illegal transactions so bring risk, they believe that Bitcoin transaction will be considered illegal in Thailand, which is also the world's first digital currency a government ban, and how to force the Thai government banned bitcoin remains to be seen, but now the Bank of Thailand has not officially announced This decision, and now for media inquiries did not make any comment.
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