CryptoMedium•29 October 2026•
1 min read
Thai Supreme Court Classifies Bitcoin as Legal Property in Landmark Ruling
Key Facts
1Thailand's Supreme Court issued a landmark ruling classifying Bitcoin as legal property because it has a market price and can be cashed out.
2The decision came as the court upheld a 10-year prison sentence for an individual who assisted in a robbery targeting cryptocurrencies.
Thailand's Supreme Court issued a landmark ruling classifying Bitcoin as legal property. CoinDesk reported that the court recognized the cryptocurrency as property because it maintains a measurable market price and can be cashed out into fiat currency.
The decision was delivered as the court upheld a 10-year prison sentence for an individual involved in a robbery targeting digital assets. This legal precedent arrives amid a stable monetary environment, following the Thai central bank's decision to maintain interest rates at 1% on October 28, 2026.