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Cryptos Qualify As Property Under Indian Law: Madras HC
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SUMMARY
The Madras HC has held that cryptocurrency qualifies as “property” under Indian law — capable of being owned, enjoyed, transferred, and held in trust
The judgment came during a case involving Zanmai Labs Private Limited, the operator of crypto exchange WazirX, and an investor whose 3,532.30 XRP tokens were frozen after the infamous July cyberattack
The interim order also restrained WazirX and its directors from redistributing or reallocating the frozen tokens until arbitration…
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