Archive · 26 Oct 2025
Madras High Court Rules Crypto as Property
The Madras High Court in India has decided that cryptocurrency is a type of property, like something you can own.
This was decided after a case involving a crypto exchange called WazirX and a cyberattack where an investor's crypto was frozen.
The court ruled that the investor's crypto is their property.
The court also said it can intervene in these digital asset disputes.
They also said that if a company is in trouble in a foreign country, this won't change user's rights over the crypto.
Madras High Court recognized cryptocurrency as property under Indian law.
The ruling came in response to a case involving a WazirX cyberattack.
The court stated crypto can be held in trust.
The ruling clarifies the legal status of cryptocurrencies in India.
The court ordered the parent company to provide a bank guarantee to the applicant.
- Who
- Madras High Court
- What
- Recognized cryptocurrency as property
- When
- October 26, 2025 (Published)
- Where
- India
- Why
- To clarify the legal status of cryptocurrencies and resolve disputes
Investor Rights
Company Liability
Ownership of Crypto
Investor Rights
Crypto is property and protected by law.
Company Liability
Company needs to provide bank guarantee till the end of arbitration proceedings.
- Court
- Madras High Court
- Ruling
- Cryptocurrency is property
- Case Context
- WazirX cyberattack, frozen XRP
- Date
- October 26, 2025 (Published)
- Applicant Investment
- ₹1,98,516 in XRP
Sources
Cryptocurrency a property under Indian law: Madras High Court
Cryptocurrency = property: Madras High Court sets legal precedent for digital assets
Cryptocurrency ‘property’ under Indian law, capable of ownership and trust: Madras HC
Madras High Court recognises cryptocurrency as ‘property’ under Indian law
