India’s High Court Recognizes XRP as Property, Offers Legal Protection

In a landmark ruling, India’s Madras High Court has declared that XRP qualifies as property under Indian law. This decision means XRP is now legally protected under criminal law, offering the same legal protections afforded to traditional assets. The court’s ruling stems from a case concerning unauthorized access and transfer of XRP. It clarified that digital assets like XRP can be classified as property and are thus entitled to protection against crimes such as theft or fraud. 🤝 This decision marks a significant step forward for India’s evolving approach to cryptocurrency, while paving the way for clearer legal frameworks for cryptocurrencies in general.