Thailand's Supreme Court has confirmed that Bitcoin qualifies as property under criminal law, affirming a 10-year prison sentence in a robbery case involving the forced transfer of $50,000 worth of Bitcoin. The ruling came after a 2022 incident where a victim was threatened and assaulted on Koh Samui, coerced into transferring 2.48 BTC to attackers. The court rejected claims that Bitcoin lacked intrinsic value, emphasizing its market value, ownership rights, and exchangeability for cash. This decision sets a legal precedent for treating cryptocurrency as property in criminal cases in Thailand.
Thailand's Supreme Court ruling on Bitcoin as property comes alongside a strong market showing for cryptocurrencies on Pluang, where 46 of 50 major cryptocurrencies rose today. For readers following crypto markets, here is Pluang's snapshot as of Oct 28, 2026 18:43 WIB: DOT (Polkadot) rose 3.77% to Rp18.549 with 96% of orders buying, ATOM (Cosmos) increased 3.53% to Rp30.295 with nearly balanced order activity, and MANA (Decentraland) gained 3.45% to Rp1.440 with 100% buy orders. This data reflects active investor interest and varied holding periods across these assets.
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