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Friday 01 November 2013

Bitcoins banned in Thailand

Thailand has become the first country to ban bitcoins after the central bank ruled it is not a currency.

US authorities are examining the use of virtual currencies such as Bitcoin amid fears that Americans are using them to evade taxes.
The ruling means it is illegal to buy and sell Bitcoins, buy or sell any goods or services in exchange for Bitcoins, send any Bitcoins to anyone outside of Thailand, or receive Bitcoins from anyone outside the country 
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