A Bitcoin exchange in Thailand says it has suspended trading after officials declared the virtual currency illegal in a setback for efforts to bring it into the financial mainstream.
The company overseeing bitcoins in Thailand said on its website that the central bank informed it on Monday that it is illegal to trade bitcoins, move them in or out of the country, or use them to buy or sell goods or services.
Software engineer Mike Caldwell shows the front (R) and back (L) sides of a physical Bitcoin he minted in his shop on April 26, 2013 in Sandy, Utah. (AFP file photo)
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.