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I think your logic is wrong. The Bank of Thailand clearly stated that such operations are illegal. They did not say that they cannot legislate it but rather, th

I think your logic is wrong. The Bank of Thailand clearly stated that such operations are illegal. They did not say that they cannot legislate it but rather, that they are illegal and must not be carried out. And this is the reason why Bitcoin Co. Ltd. suspended operations. Now what you stated. I think the text was quite clear.

mjn 13y ago
Yes, that's what my comment indicates: the company inquired whether a license is needed, and whether it could be granted. The Bank of Thailand says that yes, one would be needed (they are engaged in financial services, after all), but under current law cannot be granted (there is no provision for licensing the kind of financial services the company proposes to carry out). Hence, the company decided to suspend operations. The point is that the initiators of the discussion were a company seeking information about operating as a financial-services company. It wasn't a police-initiated operation, like a raid on an individual buying things with Bitcoin, or something of that sort.