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This article was published on February 17, 2014

Thailand’s top Bitcoin exchange resumes trading 6 months after it was pressured offline

Thailand’s top Bitcoin exchange resumes trading 6 months after it was pressured offline
Jon Russell
Story by

Jon Russell

Jon Russell was Asia Editor for The Next Web from 2011 to 2014. Originally from the UK, he lives in Bangkok, Thailand. You can find him on T Jon Russell was Asia Editor for The Next Web from 2011 to 2014. Originally from the UK, he lives in Bangkok, Thailand. You can find him on Twitter, Angel List, LinkedIn.

bitcoin-cropLast July, Thailand’s top Bitcoin exchange shut down following pressure from the Bank of Thailand. Now, more than six months later, Bitcoin.co.th has resumed trading after getting the all clear from the bank, Tech In Asia reports.

The exchange reopened this weekend, but there is a slight compromise. The bank is allowing Bitcoin trades in Thailand so long as they involve Thai Baht and not overseas currencies, as this letter in Thai explains.

There have been plentyof casesof national banks ruling that Bitcoin is not a verified currency (but also not illegal), so the news from Thailand is a rare example of business returning to normal. It seems Bitcoin was never made illegal in the country, as we suspected might be the case at the time — but don’t rule out closer scrutiny in the future.

➤ Bank of Thailand says country’s top Bitcoin exchange can resume operations [Tech In Asia]

Image via Antana / Flickr