A ‘seastead’ project, launched by an early bitcoin adopter off the coast of Phuket island in Thailand’s south is running into trouble with local government authorities. The Royal Thai Navy and Phuket Maritime authorities boarded the structure on Sunday, saying that the structure violates criminal law and poses a navigation hazard. ‘sea-stead’ , noun – a permanent settlement on a structure located in an area of sea outside the jurisdiction of any country.
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Bitcoin Seastead backer in battle with Thai authorities
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