Thai Supreme Court rules bitcoin is property after thief challenges conviction
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The Thai Supreme Court has ruled that Bitcoin constitutes property under Thai law, upholding the conviction of a thief who stole cryptocurrency and challenged the charges on the grounds that Bitcoin was not legally recognized as an asset. The decision establishes a legal precedent treating Bitcoin as tangible property subject to theft statutes. This ruling removes a key legal ambiguity in Thailand, potentially strengthening protections for Bitcoin holders and increasing institutional confidence in the country's crypto ecosystem.