Thailand’s Supreme Court rules that Bitcoin is property but not legal tender

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Thailand’s Supreme Court ruled that Bitcoin is property under the country’s criminal law, but not legal tender, meaning digital assets can therefore be the subject of property crimes. The ruling arose from a case in Koh Samui in which the victim was forced to convert $50,000 (1.878 million baht) into 2.480801 BTC and transfer it to the robber. The court ordered the return of the stolen Bitcoin, or payment of 1.878 million baht.