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Cryptocurrency as Property
October 30 , 2025
16 hrs 0 min
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- The Madras High Court ruled that cryptocurrency is considered property under Indian law.
- The court explained that cryptocurrencies are identifiable, transferable, and controlled through private keys.
- Cryptocurrencies can be owned and held in trust like other forms of property.
- The case arose after a cyberattack on the WazirX exchange, operated by Zanmai Labs Private Limited.
- The court clarified that the investor’s XRP coins were separate from the Ethereum tokens stolen in the hack.
- Section 2(47A) of the Income Tax Act, 1961, recognises cryptocurrencies as virtual digital assets.
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