Taking money out of thailand

[Scottjouro]

56 minutes ago, beddhist said:

Yes, but their terms state quite clearly that using them for currency conversion is illegal. However, if you are leaving then I can't see how they can enforce it.

All one would do is deposit in THB, buy the crypto of your choice and deposit  crypto onto a nano ledger or similar hard wallet, and fly out the country with said hard wallet....

 

on reaching a your destination, deposit crypto onto new exchange and convert into the fiat of your choice

 

Or plan B

 

Convert to crypto and send to another wallet on another exchange and convert back to fiat

 

In both cases you have not broken any of their rules

[beddhist]

Quote

No foreign currency exchange

The customer must agree never to exchange assets purchased from the Website for any foreign currency other than Thai Baht.  The customer must also guarantee that any digital asset the customer sells at the Website have never been involved in exchange with any foreign currency other than Thai Baht.

For national currency deposits the company will accept only Thai Baht; all deposits must involve only Thai Baht and no other foreign currencies. All Thai Baht deposits must originate within Thailand. Any deposits sent in other foreign currencies, or originating from outside Thailand, will be rejected and forfeited.

Source: https://bx.in.th/info/terms/

This is all BS, of course, but these are the rules imposed by the central bank. (For starters, most coins have been mined outside Thailand, so the mere existence of an exchange violates the rules.) On top of that, THB is here called a foreign currency.

[Scottjouro]

1 minute ago, beddhist said:

Source: https://bx.in.th/info/terms/

This is all BS, of course, but these are the rules imposed by the central bank. (For starters, most coins have been mined outside Thailand, so the mere existence of an exchange violates the rules.) On top of that, THB is here called a foreign currency.

7 cryptos are legally recognised in Thailand by law, so it seems your interpretation of rules is a bit wonky as well