Thailand's Supreme Court ruled that Bitcoin can be considered property in a criminal case involving $50,000 converted into Bitcoin and sent to a criminal group. The court recognized Bitcoin's market value, its ability to be bought, sold, and exchanged for cash, and that it can be held and controlled by individuals. This ruling means Bitcoin is not just valueless electronic data but can be the subject of property crimes, offering legal protection against criminal acts. However, the court did not grant Bitcoin the status of legal payment like the Thai baht.
Thailand's Supreme Court recognition of Bitcoin as property comes as 35 out of 50 major cryptocurrencies on Pluang rose today. For readers following the crypto market, here is Pluang's snapshot as of Oct 28, 2026 23:22 WIB: EGLD (MultiversX) rose 2.37% to Rp61.081 with 100% buy orders and a typical hold time of 86 days; KSM (Kusama) fell 2.34% to Rp67.672 but also had 100% buy orders; SAND (The Sandbox) gained 2.31% to Rp875 with 98% buy orders and a hold time of 124 days.
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