What are the legal requirements and challenges for foreigners wanting to open a currency exchange business in Thailand?

The original poster is considering opening a currency exchange shop in Phuket without prior experience in this business. The community responses highlight significant legal and practical challenges, including the requirement for foreign partners to own only 49% of the business, the necessity of obtaining a license from the Minister of Finance, and the importance of understanding local business laws. There's a general sentiment of skepticism regarding starting a business in a foreign country without relevant experience, with suggestions to conduct thorough research and consider existing competition, such as established currency exchange services. The conversation also touches on the cultural hurdles and the financial implications of such a venture.