Bitcoin.Co.Ltd, a Bitcoin exchange service in Thailand this morning announced that the Thai government has made Bitcoin illegal in the country. The decision came following attempts by Bitcoin.Co.Ltd to seek legal foundations to turn the digital currency into a legal one. The decision came as Bank of Thailand representatives found that existing laws in the country cannot accommodate Bitcoin due to a number of factors. The central bank has reportedly outlawed any transaction involving Bitcoin within Thailand’s borders but gave no word as to when this ban will take effect, reports Ars Technica.
[DS Notes] Bitcoin Reportedly Declared Illegal in Thailand
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