After Mt. Gox, its amazing how casual some of these exchanges still are

Bitcoin Co. Ltd. Thailand – bitcoin operator in Thailand – amazing now

Isn’t Bitcoin illegal in Thailand?

Created: 2017-01-05 20:55:08

Updated : 2017-01-05 21:24:57


Date: 2017-01-05 20:55:08



What if the government suddenly decides to seize your accounts? would we lose everything?



David Barnes Date: 2017-01-05 21:07:19 Print

Thank you for contacting us.

We are not aware of any laws prohibiting Bitcoin.

If our company bank accounts were seized by government authorities then we would not have access to pay those funds out to our customers; and customers would need to wait for the resolution of the situation.


David Barnes | |

Tony Date: 2017-01-05 21:20:40 Print

Extract From:

In 2013, the Thai monetary authority, the Bank of Thailand, “issued a preliminary ruling that using bitcoins as described was illegal.”[42] A bitcoin startup denied a business license was reportedly told that “buying and selling bitcoins, using bitcoins to buy or sell goods and services, and transferring bitcoins in and out of Thailand were all currently illegal.”[42]”


According to news reports, the Bank of Thailand ruled bitcoin illegal on July 29, 2013. However, it appears “it issued a preliminary ruling that using bitcoins . . . was illegal because of a lack of existing laws” in the case of a currency exchange license application by Bitcoin Co. Ltd.

Bitcoin businesses have been able to conduct business and get licensing, but the ban technically is still there, if not in practice currently.”

Has anything changed since?

Kind Rgds,


David Barnes Date: 2017-01-05 21:24:57

Sorry we are not able to offer legal advise, please seek qualified legal counsel.


David Barnes | |

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