Published on : 25 Oct 2025, 12:49 pm 4 min read

The Madras High Court on Saturday held that cryptocurrency qualifies as property under Indian law, capable of ownership and being held in trust. [ Rhutikumari v. Zanmai Labs Pvt Ltd].

Justice Anand Venkatesh held that while cryptocurrency is intangible and not legal tender, it possesses the essential characteristics of property.

"There can be no doubt that “crypto currency” is a property. It is not a tangible property nor is it a currency. However, it is a property, which is capable of being enjoyed and possessed (in a beneficial form). It is capable of being held in trust ,” the Court said.

The ruling came in a petition filed by an investor (applicant) whose XRP holdings on the WazirX platform were frozen after a 2024 cybe

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