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Thailand Just Banned Bitcoin?!?BANGKOK -- Thailand on Wednesday issued a ban against payments using cryptocurrencies and other digital assets that will go into effect next. Thailand's Security and Exchange Commission (SEC) is barring cryptocurrencies as a method of payment, starting 1 April , citing financial security concerns. The new rules, announced on 23 March , do not apply to investments or trading in digital assets, which are still permitted. Thailand will bar the use of cryptocurrencies as a means of payments for goods and services, saying the wider use of digital assets.