LATEST: Bitcoin is officially LEGAL PROPERTY in Thailand, according to the country’s Supreme Court.
The ruling came in a robbery case where attackers forced a victim to turn $50,000 into about 2.48 BTC and send it to them. The defense argued Bitcoin has no real value, but the court shut that down.
Judges said its market price, ability to be swapped for cash and potential for ownership make it property protected under criminal law.
A man who helped the robbers had his 10-year prison sentence upheld