In late 2013, the Bank of Thailand issued an advisement on bitcoin which stirred up fear, halting the buying and selling bitcoin and using them to pay for goods and services.
But according to BitLegal.io, the country’s hostile stance on bitcoin has changed. The central bank has said that bitcoin exchanges do not fall under the regulation of the Ministry of Finance unless foreign currencies are also offered for exchange.
Not surprisingly, the largest bitcoin exchange operating in the country, Bitcoin Co. Ltd., has said they would be resuming trading operations, effective immediately.
Thailand has been upgraded to a ‘contentious’ status on BitLegal, leaving Russia and Iceland as the only two countries who’ve vocally taken a hostile stance on digital currency.