COINDESK · 2026-10-29 10:04 UTC

Thai Supreme Court rules bitcoin is property after thief challenges conviction

Thailand's Supreme Court ruled that bitcoin qualifies as property in a robbery case, rejecting the defendant's argument that cryptocurrency has no inherent value. The case involved a victim forced to exchange $50,000 for 2.48 BTC in September 2022; the court found that converting money to bitcoin does not remove its value or prevent it from being property. The court cited bitcoin's market price, exchangeability for cash, and public ownership as evidence it meets the definition of property under Thailand's 2018 digital asset business decree.

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