Can you call your digital assets “property”? For many countries, cryptocurrencies and tokens still occupy a regulatory gray area as governments continue to understand how these assets function. However, some nations have taken decisive steps toward legal clarity by recognizing crypto as property. Classification of digital assets as "property" strengthens ownership rights and brings them under existing tax frameworks. In the United States, the Internal Revenue Service (IRS) treats virtual currencies like ...

The Madras High Court has recognized cryptocurrency as property capable of being held in trust, granting relief to a WazirX user whose XRP funds were frozen following the exchange’s 2024 hack. The ruling could set a precedent for how Indian courts handle user claims against exchanges operating under foreign jurisdictions. Justice N. Anand Venkatesh’s Oct. 25 order directed Zanmai Labs, WazirX’s Indian operator, to furnish a bank guarantee worth roughly 9.56 lakh (around $11,500), equivalent to the petiti ...