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4 days agoCourt rules cryptocurrencies are ‘property’ under Indian law – landmark Madras High Court verdict
In a landmark decision, the Madras High Court held that cryptocurrencies qualify as “property” under Indian law — capable of being owned, transferred and held in trust. The ruling applies to digital assets like cryptocurrencies and was issued in a case involving frozen ‘XRP’ tokens at the exchange WazirX. The judgement clarifies that such assets are virtual digital assets under the Income Tax Act and may now face clearer treatment in taxation, insolvency and custodial frameworks.
positive
4 days agoCourt rules cryptocurrencies are ‘property’ under Indian law – landmark Madras High Court verdict
In a landmark decision, the Madras High Court held that cryptocurrencies qualify as “property” under Indian law — capable of being owned, transferred and held in trust. The ruling applies to digital assets like cryptocurrencies and was issued in a case involving frozen ‘XRP’ tokens at the exchange WazirX. The judgement clarifies that such assets are virtual digital assets under the Income Tax Act and may now face clearer treatment in taxation, insolvency and custodial frameworks.
positive
Court rules cryptocurrencies are ‘property’ under Indian law – landmark Madras High Court verdict
4 days ago
1 min read
76 words
Madras High Court rules crypto is “property” under law, enhancing legal clarity for digital-assets custody, tax and insolvency treatment in India.
In a landmark decision, the Madras High Court held that cryptocurrencies qualify as “property” under Indian law — capable of being owned, transferred and held in trust. The ruling applies to digital assets like cryptocurrencies and was issued in a case involving frozen ‘XRP’ tokens at the exchange WazirX. The judgement clarifies that such assets are virtual digital assets under the Income Tax Act and may now face clearer treatment in taxation, insolvency and custodial frameworks.
In a landmark decision, the Madras High Court held that cryptocurrencies qualify as “property” under Indian law — capable of being owned, transferred and held in trust. The ruling applies to digital assets like cryptocurrencies and was issued in a case involving frozen ‘XRP’ tokens at the exchange WazirX. The judgement clarifies that such assets are virtual digital assets under the Income Tax Act and may now face clearer treatment in taxation, insolvency and custodial frameworks.
Tags:
crypto
India
crypto
India
legal
digital assets
regulation
Oct 27, 2025 • 11:56 IST