Thailand's Supreme Court confirmed that Bitcoin is legally considered property under criminal law, upholding a 10-year prison sentence for a man involved in a 2022 Koh Samui robbery where the victim was forced to convert $50,000 into Bitcoin and transfer it to the robbers. The court rejected the argument that Bitcoin lacks intrinsic value, citing its market price, tradability, and convertibility to cash. While Bitcoin is recognized as property, it is not legal tender in Thailand, maintaining the Bank of Thailand's stance. This ruling sets a precedent for future crypto-related theft cases, providing legal clarity for prosecutors and Bitcoin holders in Thailand.
Thailand's Supreme Court ruling on Bitcoin as property comes as a backdrop to a market where 38 of 50 major cryptocurrencies on Pluang rose today. For readers following cryptocurrency, here is Pluang's market snapshot as of Oct 30, 2026 00:31 WIB: AAVE was priced at Rp2.459.580 with a 1-day change of +2.91% and a Pluang order activity split of 51% Sell / 49% Buy; EGLD traded at Rp62.739, up 2.71% with 9% Sell / 91% Buy; NEO stood at Rp38.929, rising 2.68%, with a typical hold time of 97 days.
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