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India officially recognises crypto as legal property assets after court ruling
Madras HC recognises crypto as legal property, opening new legal/tax clarity in India.
On 9 November 2025, the Madras High Court ruled that digital assets such as XRP and other cryptocurrencies are legal property under Indian law, meaning they can be owned, transferred and protected by the courts.
The decision aligns India with other jurisdictions like the U.S. and U.K. in recognising crypto as a class of property rights. Legal and tax implications now open for discussion as Indian exchanges, custodians and banks revisit compliance frameworks and asset classification criteria.
The ruling may accelerate institutional interest in the Indian crypto market.