Thai Supreme Court rejects 'Bitcoin has no value' defense, upholds 10-year robbery sentence
- —Court upheld 10 years, down from an initial 15 years cut by a third for cooperation
- —Victim was beaten at a cafe and forced to convert about $50,000 into 2.48 BTC
- —Court said Bitcoin has a market price, can be sold and held by individuals
- —Lack of legal-tender status does not prevent BTC from being treated as property
Why it matters: The ruling sets a precedent treating Bitcoin as protected property under criminal law, strengthening legal recourse for holders.
Source: Koin Bülteni