New Delhi, Oct. 30 -- In a major boost to India's crypto community, the Madras High Court has become the first in the country to recognize cryptocurrency as "property" under Indian law. The ruling marks a landmark judicial acknowledgment of digital assets as legally ownable property in a space that has so far existed in a regulatory grey zone.

The interim order, passed on 25 October by justice N. Anand Venkatesh, granted relief to an investor whose cryptocurrency holdings were wrongfully frozen by WazirX following a massive cyberattack in 2024.

Mint explains what the court said, the broader legal context, and what this means for investors in India's evolving crypto ecosystem.

The case was filed in early 2025 by a crypto investor Rhutik...