The Ministry of Finance has decided to set up a research group which would be in charge of studying and proposing policies to manage virtual assets and cryptocurrencies.
The Bank of Thailand (BOT) has said that crypto currencies are not legal tender and it will join hands with the Anti-Money Laundering Office to prevent the illicit use of virtual currency bitcoin.
Investors of bitcoin in particular and cryptocurrencies in general should be aware of the possible risks involved in addition to rapidly increasing profits, experts have warned.