Last 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 plenty of cases of 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]
The 💜 of EU tech
The latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!
Image via Antana / Flickr
Get the TNW newsletter
Get the most important tech news in your inbox each week.