
🇹🇭 THAILAND'S SUPREME COURT RULES BITCOIN CAN BE STOLEN PROPERTY Thailand's Supreme Court upheld a robbery conviction over Bitcoin a tourist was forced to hand over on Koh Samui, ruling that the coins count as property under the country's Civil and Commercial Code. The victim was beaten and made to buy 2.480801 BTC, then worth about $50,000, and send it to the gang's wallet in September 2022. The defendant's 10-year sentence stands, along with an order to return the Bitcoin or pay its value. The full court said Bitcoin has a market value, can be turned into cash and can be held. It also said Bitcoin isn't legal tender, citing the Bank of Thailand. The ruling was published Oct. 28 and binds lower courts in future cases.
