Bitcoin is property but not money in Thailand, Supreme Court rules

Crypto Insight Summary: In Thailand, Bitcoin will now be regarded as property under its criminal law. This comes after the country’s Supreme Court issued a ruling to that effect. The Supreme Court decision affects anyone who holds or trades crypto in Thailand because it makes it clear that digital assets can be the subject of a property crime.... Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Legal clarification on Bitcoin's status as property has minimal market impact as it doesn't affect trading.