BREAKING: 🇹🇭 Thailand’s Supreme Court officially recognizes
#Bitcoin as legal property.
Thailand legally recognizes Bitcoin as #private_property.
Key details of the ruling:
• Court ruling: On October 28, 2026, Thailand’s Supreme Court issued a ruling in a plenary session (judgment 4929/2569) formally classifying Bitcoin as property under the country’s Civil and Commercial Code (Sections 137 and 138).
• The origin of the case: The ruling stemmed from a criminal case involving robbery and extortion in Koh Samui, where several people forced a tourist to transfer 2.480801 BTC. The court determined that Bitcoin has economic value, can be possessed and transferred, and can be the subject of property crimes.
• Legal limitation: The court clarified that recognition does not make Bitcoin legal tender or require merchants to accept it for settling debts (maintaining the position of the Bank of #Thailand).
• Precedent: As a ruling by the full court, it sets a binding precedent allowing victims of cryptocurrency-related crimes in Thai courts to seek restitution or financial compensation.
#Bitcoin as legal property.
Thailand legally recognizes Bitcoin as #private_property.
Key details of the ruling:
• Court ruling: On October 28, 2026, Thailand’s Supreme Court issued a ruling in a plenary session (judgment 4929/2569) formally classifying Bitcoin as property under the country’s Civil and Commercial Code (Sections 137 and 138).
• The origin of the case: The ruling stemmed from a criminal case involving robbery and extortion in Koh Samui, where several people forced a tourist to transfer 2.480801 BTC. The court determined that Bitcoin has economic value, can be possessed and transferred, and can be the subject of property crimes.
• Legal limitation: The court clarified that recognition does not make Bitcoin legal tender or require merchants to accept it for settling debts (maintaining the position of the Bank of #Thailand).
• Precedent: As a ruling by the full court, it sets a binding precedent allowing victims of cryptocurrency-related crimes in Thai courts to seek restitution or financial compensation.
