Bank of Thailand reiterates warning against Bitcoin investment

[webfact]

Central bank reiterates warning against Bitcoin investment

By Thai PBS

 

 

The central bank has reiterated it’s stance to not recognize the digital currency Bitcoin and instead will cooperate with the anti-money laundering office to prevent it to become a tool for money laundering.

 

It also warned the people against investing in this currency as it carries high risk of loss.

 

Bank of Thailand governor Veerathai santiprabhob yesterday (Dec 19) said that Thailand doesn’t recognize Bitcoin because of its high risk.

 

Bitcoin, he said, is a form of cryptocurrency and by definition, can be exchanged for other commodities such as gold, petroleum and certain products and services.

 

Full story: http://englishnews.thaipbs.or.th/central-bank-reiterates-warning-bitcoin-investment/

 

-- © Copyright Thai PBS 2017-12-20

[dpdp]

We are so lucky to have them to warn us !

Smart as they are, we can trust them for sure ! Look, they perfectly know how dangerous are electronic cigarette, so to protect us they are also illegal in Thailand !

 

:-)

 

 

[Tradewind777]

To my perception, this announcement has got “Buy BTC now” written all over it.

 

Better to trust the world market than corrupt central banks as they are part of the reason the global financial system is in so much manure now.

[davidst01]

we better hope that they dont close down bx exchange like china did to its exchanges