Justice Venkatesh utilised a large part of the 54-page judgment to analyse how cryptocurrency fits within established notions of legal property, Bar and Bench said. (Photo: Pexels)

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The Madras High Court has recognised Cryptocurrency as a property under Indian law. Justice N Anand Venkatesh said that Cryptocurrency is a property because it can be enjoyed and possessed in a beneficial form and held in trust.

Justice Venkatesh utilised a large part of the 54-page judgment to analyse how cryptocurrency fits within established notions of legal property, Bar and Bench said.

Justice Venkatesh referred to Ahmed GH Ariff v. CWT and Jilubhai Nanbhai Khachar v. State of Gujarat cases to note that 'property'under Indian jurisprudence en

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