Thailand Supreme Court Recognizes Bitcoin as Property in a Recent Ruling
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5 Articles
Thailand Supreme Court recognizes Bitcoin as property in a recent ruling
Thailand’s Supreme Court has ruled that Bitcoin qualifies as property under criminal law, upholding a 10-year prison sentence in a robbery case involving the forced transfer of $50,000 worth of cryptocurrency. According to local media, the ruling, numbered 4929/2569, was…
Thailand Supreme Court Ruling Gives Bitcoin Legal Property Status in Robbery Case
The post Thailand Supreme Court Ruling Gives Bitcoin Legal Property Status in Robbery Case appeared first on Coinpedia Fintech News Thailand’s Supreme Court has ruled that Bitcoin can be treated as property under criminal law. The decision came from a 2022 robbery case in which attackers forced a...
According to information published by Crypto Briefing, the Supreme Court of Thailand considered that Bitcoin can be treated as property under the Civil and Commercial Code and ordered five convicted for a theft in Koh Samui to return the stolen BTCs or pay an equivalent amount. The ruling would not turn the cryptocurrency into legal tender; its scope as a precedent for other cases is not confirmed by the available information.
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