And here guys and gals is the whole difference between the First World and Third World, between a free society and controlled society:

"At the conclusion of the meeting senior members of the Foreign Exchange Administration and Policy Department advised that due to lack of existing applicable laws, capital controls and the fact that Bitcoin straddles multiple financial facets the following Bitcoin activities are illegal in Thailand..."

In a free country you do what you like as long as it is not illegal. In a controlled un-free country you can only do what is legally allowed.

As a side note, too bad for Thailand, missing the Bitcoin and cryptocurrency train. They will regret it.

The lucky ones. The others get stomped on by elephants.
 

Negative sense for Thailand, not bitcoin...

but as I understand, it's not a law, but just conclusion of a bunch of idiots at the meeting.

I'll have to remember to only spend Litecoin on my next trip to Thailand.

this is like saying exchanging anything not currency for goods and services is illegal...scary

Ok, may be I'm not aware about legal procedures in Thailand.
it seems like sharia court, where judge makes decision according not to law but by their own opinion.

Poor Goat.

Obviously for there to be any penalty it would have to go through the courts.  ie Civil and/or Criminal charges would have to be brought and trials, appeals etc...

Any Guinea pig volunteers?

 i like how they declare it outright illegal versus saying the money laundering via bitcoin is illegal