Thai Supreme Court rules bitcoin is property, upholds 10-year sentence for robber accomplice

This ruling followed a challenge to a conviction brought by a thief.

The court specifically stated that bitcoin possesses a market price, is convertible to cash, and can be held by the general public.

Furthermore, the judiciary affirmed the original 10-year sentence handed down to an individual who assisted the robbers.

This legal classification by the Supreme Court establishes a significant precedent regarding digital assets within the jurisdiction.

This development aligns with broader global trends concerning the regulatory recognition of cryptocurrencies as legitimate assets.

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