India's Madras High Court has officially recognized cryptocurrency as "property" in a landmark ruling involving the exchange WazirX. The court ordered WazirX to post an $11,800 guarantee related to a user's XRP lost during a $235 million hack in 2024. This decision marks a significant legal precedent in India, potentially influencing future cases involving digital assets.
India's Madras High Court Recognizes Crypto as Property in WazirX Case
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