Indian Court Declares XRP as Property in WazirX Hack Case

The Madras High Court in India has delivered a groundbreaking ruling, classifying XRP and other cryptocurrencies as property under Indian law. Justice N. Anand Venkatesh presided over the case, highlighting that cryptocurrencies possess key characteristics of being recognizable, movable, and controllable through private cryptographic keys – making them a distinct form of property. This historic decision significantly impacts the legal landscape surrounding cryptocurrency within India.