In a significant legal development, India's Madras High Court has officially classified the cryptocurrency XRP as property under Indian law, granting it protection under criminal statutes. This ruling emerged from a case involving alleged unauthorized access and transfer of XRP, where the court addressed whether digital assets could be considered movable property. The decision, dated November 5, 2025, establishes that XRP holders now have legal recourse against crimes such as theft, fraud, or illegal transfers, similar to traditional assets.
The judgment marks a major precedent for India's evolving crypto landscape, providing clarity in a previously gray area where investors struggled with undefined legal status. Legal experts highlight that this could influence future cases involving other digital assets, potentially extending similar protections to cryptocurrencies like Bitcoin and Ethereum. By adapting legal frameworks to modern financial technologies, the court signals a step toward broader crypto adoption and regulatory progress in India.
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