Thailand's $BTC "ban" in 2013 was fake news.
No official decree ever banned Bitcoin. It was just misinterpreted meeting notes from a private entity that global media ran with.
Fast forward to 2018: Thailand passed the Digital Asset Act. 7 companies applied for licenses. Today? Only BITKUB remains as the sole licensed exchange.
2022: New rules banned crypto as payment method.
Thai regulators went from "no official stance" to over-regulation in less than a decade. Classic emerging market playbook — hype the ban, then squeeze the market into one state-blessed monopoly.
If you're in Thailand, you know the game. If you're outside, this is how most SEA countries will play it.
No official decree ever banned Bitcoin. It was just misinterpreted meeting notes from a private entity that global media ran with.
Fast forward to 2018: Thailand passed the Digital Asset Act. 7 companies applied for licenses. Today? Only BITKUB remains as the sole licensed exchange.
2022: New rules banned crypto as payment method.
Thai regulators went from "no official stance" to over-regulation in less than a decade. Classic emerging market playbook — hype the ban, then squeeze the market into one state-blessed monopoly.
If you're in Thailand, you know the game. If you're outside, this is how most SEA countries will play it.
