Crypto Pills

An Indian court bars WazirX from redistributing XRP and affirms that cryptocurrency qualifies as property. The order imposes limits on the handling of the tokens at issue and situates digital assets within a property-rights framework, a designation that can influence remedies, seizure, and recovery in disputes. Recognition as property also affects how exchanges approach custody and transfers while proceedings are pending, and may shape how claims are pursued against platforms or counterparties within India’s evolving legal and regulatory environment.