The Madras High Court has ruled that cryptocurrency qualifies as property under Indian law, granting it legal protection for ownership and possession. In a landmark case involving investor Rhutikumari and WazirX, the court barred the exchange from reallocating her XRP holdings until arbitration concludes, affirming crypto’s status as a protectable asset. Madras High Court recognizes cryptocurrency as property: The ruling clarifies that crypto, though not legal tender, possesses essent...
