Thailand’s Supreme Court has officially ruled that Bitcoin qualifies as "property" under Thai law.

Thailand’s Supreme Court recently ruled in a criminal case that Bitcoin qualifies as "property" under Thai law, as it holds economic value that can be held, traded, and converted into cash. The case involved a victim who converted $50,000 into Bitcoin and transferred it to a criminal gang. The core dispute centered on whether electronically existing Bitcoin could be considered the subject of "property infringement" in criminal offenses. In its ruling for Case No. 4929/2569, the Supreme Court’s full bench determined that Bitcoin has market value, can be bought and sold, converted to cash when a buyer is available, and is capable of being held and controlled by the public. As such, the Bitcoin transferred by the victim is not "intangible, valueless data" but property that can be the object of property crimes. It is important to clarify that the Thai court’s ruling in this criminal case only confirmed Bitcoin can be property protected by law and vulnerable to criminal infringement—not that it holds legal tender status equivalent to the Thai baht.