Is Bitcoin YOUR property in Thailand now? 🇹🇭
Thailand's Supreme Court just ruled $BTC is property under Sections 137-138 of the Civil Code (judgment 4929/2569). Five men robbed a tourist on Koh Samui, forcing him to hand over 2.48 BTC. All five got 10 years.
Why it matters: data with market value that can be owned and moved is property, so theft is enforceable and the ruling binds lower courts.
But property is NOT money: Bitcoin is still not legal tender there.
Two weeks after Thailand approved BTC and ETH ETFs. Will other Asian courts follow? 👇
Not financial advice. DYOR.
#Bitcoin #crypto
Thailand's Supreme Court just ruled $BTC is property under Sections 137-138 of the Civil Code (judgment 4929/2569). Five men robbed a tourist on Koh Samui, forcing him to hand over 2.48 BTC. All five got 10 years.
Why it matters: data with market value that can be owned and moved is property, so theft is enforceable and the ruling binds lower courts.
But property is NOT money: Bitcoin is still not legal tender there.
Two weeks after Thailand approved BTC and ETH ETFs. Will other Asian courts follow? 👇
Not financial advice. DYOR.
#Bitcoin #crypto
