Madras High Court recognises cryptocurrency holdings as property in WazirX dispute

Madras High Court has ruled that crypto holdings held on WazirX are legally property, providing investors enforceable rights over assets on the platform.

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Madras High Court recognises cryptocurrency holdings as property in WazirX dispute

Madras High Court recognises cryptocurrency holdings as property in WazirX dispute
In a recent ruling, the Madras High Court declared that holdings of the exchange WazirX are legally classified as ‘property’, granting investors enforceable rights over deposited crypto assets. The case involved 3,532.30 XRP coins and addressed whether the exchange could use the client’s holdings to offset other user losses. The court held that such redirection is impermissible without express consent. 

Legal experts say the decision could set a precedent for Indian crypto regulation, impacting how exchanges manage custody, client assets and dispute resolution in future.

Related:
Madras High Court recognises cryptocurrency as legal property in India
Discvr• By Pooja Kumari
Explore:Mutual Fund Home
positive
1h ago

Madras High Court recognises cryptocurrency holdings as property in WazirX dispute

Madras High Court recognises cryptocurrency holdings as property in WazirX dispute
In a recent ruling, the Madras High Court declared that holdings of the exchange WazirX are legally classified as ‘property’, granting investors enforceable rights over deposited crypto assets. The case involved 3,532.30 XRP coins and addressed whether the exchange could use the client’s holdings to offset other user losses. The court held that such redirection is impermissible without express consent. 

Legal experts say the decision could set a precedent for Indian crypto regulation, impacting how exchanges manage custody, client assets and dispute resolution in future.

Related:
Madras High Court recognises cryptocurrency as legal property in India
Discvr• By Pooja Kumari
Explore:Mutual Fund Home
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Madras High Court recognises cryptocurrency holdings as property in WazirX dispute

about 2 hours ago
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Madras High Court recognises cryptocurrency holdings as property in WazirX dispute

Madras High Court has ruled that crypto holdings held on WazirX are legally property, providing investors enforceable rights over assets on the platform.

In a recent ruling, the Madras High Court declared that holdings of the exchange WazirX are legally classified as ‘property’, granting investors enforceable rights over deposited crypto assets. The case involved 3,532.30 XRP coins and addressed whether the exchange could use the client’s holdings to offset other user losses. The court held that such redirection is impermissible without express consent. 

Legal experts say the decision could set a precedent for Indian crypto regulation, impacting how exchanges manage custody, client assets and dispute resolution in future.

Madras High Court recognises cryptocurrency holdings as property in WazirX dispute
In a recent ruling, the Madras High Court declared that holdings of the exchange WazirX are legally classified as ‘property’, granting investors enforceable rights over deposited crypto assets. The case involved 3,532.30 XRP coins and addressed whether the exchange could use the client’s holdings to offset other user losses. The court held that such redirection is impermissible without express consent. 

Legal experts say the decision could set a precedent for Indian crypto regulation, impacting how exchanges manage custody, client assets and dispute resolution in future.

Companies:
WazirX
Tags:
crypto
regulation
crypto
regulation
india
madras high court
wazirx
Related:
Madras High Court recognises cryptocurrency as legal property in India
Source: Discvr
By Pooja KumariExplore:Mutual Fund Home
Nov 11, 2025 • 06:38 IST

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