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Thailand Supreme Court Recognizes Bitcoin as Legal Property

Thailand Supreme Court Recognizes Bitcoin as Legal Property

Photo: DeFi Planet

Thailand’s Supreme Court has officially recognized Bitcoin as legal property, establishing a judicial precedent that clarifies how the digital asset is treated under the country’s legal system. Although Thailand’s Securities and Exchange Commission (SEC) already regulates cryptocurrencies as digital assets, the ruling formally recognizes decentralized digital currencies as property that can be valued and legally owned under Thailand’s Civil and Commercial Code. 🔥MASSIVE: 🇹🇭 Thailand’s Supreme Court now recognizes Bitcoin and Alts as legal property.

Also reported by BitKE.

Source: DeFi Planet

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