The Madras High Court has declared cryptocurrency a form of property under Indian law, a ruling that strengthens investor rights and clarity within the country’s digital asset landscape. This landmark decision by Justice N. Anand Venkatesh paves the way for clearer regulations and legal recognition of cryptocurrencies like XRP in India. The court ruled that crypto assets can be owned, transferred, and held in trust, similar to other tangible property. This significant judgment was sparked by a case involving the WazirX exchange, where an investor lost her XRP holdings following a hack. The decision highlights the distinct nature of digital assets, distinguishing between the stolen Ethereum-based tokens and the separate XRP holdings belonging to the investor.