Madras High Court rules cryptocurrency qualifies as property in India

The Madras High Court has ruled that cryptocurrencies now qualify as “property” under Indian law, thereby subjecting them to the rights of ownership and enforcement under the Income Tax Act. The verdict is seen as a key judicial precedent that may influence future taxation and regulatory treatment of digital assets. Market participants say the decision could support institutional clarity but caution that regulatory ambiguity remains on operational use and platform compliance.