Indian Court Classifies Cryptocurrency as Property Rather Than Merely a Speculative Asset

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

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Updated: Oct 26 2025

Madras High Court Ruling: The Madras High Court has ruled that cryptocurrency is classified as property under Indian law, affirming its ownership and trust capabilities in a case related to a significant hack of the WazirX exchange.
Investor Protection: The court dismissed claims that an investor should share losses from the hack, clarifying that the investor's XRP coins were distinct from the stolen Ethereum-based tokens involved in the cyberattack.
Jurisdiction Affirmed: The court confirmed its jurisdiction over domestic crypto assets, rejecting arguments that Singapore arbitration rules could prevent Indian court intervention, as the investor's transactions were conducted within India.
Call for Governance Standards: Justice Venkatesh emphasized the need for Web3 platforms to adopt robust corporate governance practices, including independent audits and strong anti-money laundering measures.

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.

Indian Court Classifies Cryptocurrency as Property Rather Than Merely a Speculative Asset

About the author

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