India Grants Legal Status to Cryptocurrency as Property Assets

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

SAFE-7.2999997%

ALT-3.366%

Source: Coinmarketcap

Updated: Nov 08 2025

Court Ruling on Crypto: The Madras High Court in India has ruled that cryptocurrencies like XRP are considered legal property, granting owners legal rights and protections over their digital assets.
Impact on WazirX Case: The ruling arose from a complaint by a user on the WazirX exchange, whose account was frozen after a hack. The court ordered WazirX to protect her funds and provide a bank guarantee during the ongoing case.
Legal Clarity for Investors: This decision provides clarity for crypto users in India, aligning the country with jurisdictions like the U.S. and U.K. where digital assets are recognized as property, potentially boosting investor confidence.
Future of Crypto in India: The ruling may lead to more robust regulations for crypto trading in India, as it establishes that digital assets are not merely online tokens but have real legal rights associated with them.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

India Grants Legal Status to Cryptocurrency as Property Assets

About the author

Top News

Oil Firms Cautious on Venezuela Investment Push

GM Reports $7.1 Billion Charge Amid EV Shift

Stock Market Wraps 2025 with Double-Digit Gains

Novo Nordisk's Weight-Loss Pill Approval: Key Impacts

Related Articles

Meta Stock Rises Nearly 7% on AI Strategy and Strong Earnings Report

Rare Earth Stocks Surge Due to Government Funding Support

People Also Watch