{"content":"Madras High Court Rules Cryptocurrency is "Property" ✒️ In a significant legal precedent, the Madras High Court has declared that cryptocurrency qualifies as "property" under Indian law. ✒️ Justice N Anand Venkatesh stated that while crypto is not legal tender or a physical asset, it exhibits all the core features of property and is "capable of being enjoyed and possessed" and "held in trust." ✒️ The ruling came in response to a petition filed by an investor seeking protection for their XRP tokens held on the WazirX exchange, which had been frozen after a cyberattack. ✒️ The court also cited Section 2(47A) of the Income Tax Act, which already recognizes cryptocurrencies as "Virtual Digital Assets" (VDAs). #CryptoINDIA #IndianCryptoNews ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025102025/10/26/c21ff4ed74d4764eb569c7d986ad73f5.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}