Scan with your phone to get the appThailand Supreme Court recognizes Bitcoin as property in a recent ruling
Thailand's Supreme Court ruled that Bitcoin qualifies as property under criminal law, upholding a 10‑year prison sentence for a defendant involved in a September 2022 robbery on Koh Samui, where the victim was forced to purchase and transfer 2.480801 BTC worth about $50,000 (≈1.878 million baht).
The court rejected the defendant's claim that Bitcoin has no intrinsic value, citing Sections 137 and 138 of the Civil and Commercial Code and the 2018 Emergency Decree on Digital Asset Businesses, which define cryptocurrency as an asset with market value that can be owned and exchanged for cash.
The judgment orders the return of the stolen Bitcoin or compensation equivalent to 1.878 million baht and confirms the transfer was made under threat and violence, not voluntarily, adding to a series of recent crypto‑related violent crimes in Thailand.
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