Crypto Wins Legal Status In India — High Court Calls It ‘Property’
PositiveCryptocurrency

The Madras High Court's recent ruling that cryptocurrencies can be classified as property is a significant development for the crypto landscape in India. This decision not only provides legal recognition to digital assets but also enhances the security of user holdings, especially in the wake of increasing hacks. By establishing that certain crypto assets are identifiable and controllable, the court has paved the way for better regulatory frameworks and protections, which could encourage more users to engage with cryptocurrencies confidently.
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