REGULATION | Why the Thailand Supreme Court Ruled Bitcoin Qualifies as Property
Photo: Pixabay (illustration)
Thailand’s Supreme Court has ruled that Bitcoin qualifies as property under criminal law rejecting a defence argument that the cryptocurrency could not be stolen because it exists as electronic data and is not legal tender. The decision upheld a 10-year prison sentence in a case involving a victim who was threatened and assaulted before being forced to transfer 2.480801 BTC, worth about $50,000 at the time, to a wallet controlled by an attacker on Koh Samui in September 2022.
Source: BitKE
