Bitcoin.co.th, Thailands leading Bitcoin exchange has resumed trading after a shakey six months.
The exchange shut its doors to customers last July due to a lack of financial legislation to govern the trading of cryptocurrencies. This resulted in government bodies deeming Bitcoin illegal.
Although the exchange has resumed trading, there’s no plain sailing just yet. The resume comes with restrictions that limit the exchange to trading Bitcoins to and from Thai Baht only.
Multiple sources have confirmed that The Bank of Thailand is liaising with Thailand’s Ministry of Information and Communication Technology, Ministry of Finance, and the Securities and Exchange Commission Thailand before deciding the fate of the digital currency.
The progress is great news for cryptocurrencies in Asia and shows that the government along with the Bank of Thailand is working to embrace new technologies.