India: High Court of Judicature at Madras issued interim ruling recognising cryptocurrency as property in Rhutikumari v Zanmai Labs
Description
High Court of Judicature at Madras issued interim ruling recognising cryptocurrency as property in Rhutikumari v Zanmai Labs
On 25 October 2025, the High Court of Judicature at Madras granted interim protection to an individual investor regarding 3'532.30 XRP tokens held on the WazirX exchange platform in Rhutikumari v Zanmai Labs Pvt. Ltd. & Ors. (O.A. No. 194 of 2025). …
Scope
Policy Area
Consumer protection
Policy Instrument
User/subject right
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
judiciary
Government Body
court