In a landmark ruling, the Madras High Court has recognised cryptocurrency as “property” under Indian law, marking a crucial turning point for digital asset investors in India. The judgment comes from a case involving an investor whose XRP tokens on WazirX were frozen following a 2024 cyberattack.
By holding that crypto assets can be “owned, enjoyed, and held in trust”, the court has effectively granted them the same civil protection that applies to other movable property. The interim order could significantly reshape investor rights, offering new legal remedies in cases of hacks, exchange collapses, or misappropriation.
