India Recognizes Crypto as Property — A Win for Digital Ownership

The Madras High Court’s ruling declaring crypto as property marks a historic moment for India’s digital economy. By blocking WazirX from redistributing a user’s 3,532 XRP after a $234 million hack, the court affirmed that cryptocurrencies are legally protected assets.

This decision gives crypto holders in India a stronger sense of ownership and legal security, setting a foundation for future regulations. Experts call it a “landmark moment” that elevates consumer protection and pushes the government closer to defining clearer crypto laws.

As courts increasingly engage with crypto cases, India joins a growing list of nations shaping digital asset jurisprudence, proving that blockchain ownership has real-world recognition and protection.

→ This clarity could inspire confidence among investors and attract more institutional interest in the Indian crypto market.