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Thailand bans bitcoin, other crypto payments starting in April

Regulators seek to tamp down risk of cybertheft and money laundering

People shop in Bangkok's Chinatown. Cybercurrencies can no longer be used as payment for goods and services in Thailand.   © Reuters

BANGKOK -- Thailand on Wednesday issued a ban against payments using cryptocurrencies and other digital assets that will go into effect next month in a bid to maintain stability in financial markets.

The move by the Securities and Exchange Commission will apply to all cryptocurrency, including bitcoin. Consumers will no longer be allowed to purchase goods or services with the digital currencies.

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