The Madras High Court (MHC) has indeed issued a landmark ruling recognising cryptocurrencies

 

 

 

 

Yes  you’re correct. The Madras High Court (MHC) has indeed issued a landmark ruling recognising cryptocurrencies as “property” under Indian law.

 What the court held
 

The decision was rendered in the case of Zanmai Labs Pvt Ltd (which operates the exchange Wazir X) vs an investor (filed as Rhutikumari v Zanmai Labs Pvt Ltd).

In the order, Justice N. Anand Venkatesh declared:

 “There can be no doubt that ‘crypto currency’ is a property. It is not a tangible property nor is it a currency. However, it is a property which is capable of being enjoyed and possessed (in a beneficial form). It is capable of being held in trust.”

The court noted that although cryptocurrencies are intangible (just “streams of 1s and 0s” on a blockchain), they nonetheless meet the criteria of property under Indian jurisprudence: they are definable, transferable, capable of exclusive control and store of value. 

 It also referenced Section 2(47A) of the Income Tax Act, 1961 which classifies “virtual digital assets”, and noted that in India these are not treated as speculative transactions. 

 The court emphasized that the funds/assets in question were held via an Indian bank account and platform, giving Indian courts jurisdiction (despite the exchange’s international links).
 

  Why this is a big deal
 

This is the first timean Indian High Court has explicitly held that cryptocurrencies qualify as “property” under Indian law. 

 It gives clearer legal standing to crypto-asset holders in India.

 For example: rights of ownership, rights to seek injunctions or asset protection, ability to claim trust or custodian obligations, etc.

 

 How crypto assets are treated in courts / disputes (e.g., freezing, custody, exchange liability)
  

Taxation and asset-classification debates, since “property” status matters.
 

 Investor protection: if crypto is property, platforms may have greater fiduciary duties or greater liabilities for mis management or hacks.

It also signals a shift in the regulatory/ judicial mindset: rather than treating crypto as purely speculative or “grey area”, this ruling gives them a tangible legal footing within Indian property rights frameworks.

 

 

 

Disclaimer

This article is for educational and informational purposes only. It does not constitute financial or investment advice. Cryptocurrency investments are subject to market risks. Always do your own research (DYOR) and consult a certified financial advisor before investing.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#BitcoinWallet,#CryptoWallet,#DigitalWallet,#BTCStorage,#HODLBitcoin,

#SecureYourCrypto,#BlockchainWallet,#CryptoSecurity,#BitcoinSavings,#CryptoSafe

 

Gen Z (18-25) now leads India’s crypto investor

 

 

 

 

 

 

 

A recent report shows that Gen Z (18-25) now leads India’s crypto investor base, accounting for around 37.6% of investors — up slightly ahead of Millennials (26-35) at 37.3%

 

That seems to be correct — according to the latest Q3 2025 user-data report from CoinSwitch (India’s major crypto trading platform), the breakdown of India’s crypto investor base is:
 

 Generation Z (ages 18-25): 37.6 %
 Millennials (ages 26-35): 37.3 %
Ages 36-45: 17.8 % 

If you like, I can pull up the full report (and key charts) and we can look at how this has changed over time (e.g., from Q2 to Q3) to spot trends.

 

 

 

 

Disclaimer

This article is for educational and informational purposes only. It does not constitute financial or investment advice. Cryptocurrency investments are subject to market risks. Always do your own research (DYOR) and consult a certified financial advisor before investing.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#BitcoinWallet,#CryptoWallet,#DigitalWallet,#BTCStorage,#HODLBitcoin,

#SecureYourCrypto,#BlockchainWallet,#CryptoSecurity,#BitcoinSavings,#CryptoSafe

The crypto partner of PayPal in this case is Paxos Trust Company

 

They issued the stable coin called PYUSD (PayPal USD) in partnership with PayPal.

 

Their role: minting and burning the stable coin, ensuring that PYUSD is backed 1:1 by U.S. dollars and equivalent reserves (as claimed).


 The error: “$300 trillion” minting
 

On October 15 2025, Paxos mistakenly minted about $300 trillion worth of PYUSD tokens during an internal transfer

Paxos says it was an internal “technical error” (not a hack), and that it immediately identified the issue and “burned” the excess tokens within 20 minutes.

Despite the scale of the error (far exceeding actual backing or the world’s GDP), Paxos asserts that customer funds were safe.

 Why this matters

The incident raises concern about operational controls in stable coin issuance: how could such a huge minting occur if the system is meant to tightly control issuance.Stable coin backing: PYUSD is claimed to be backed by U.S. dollar deposits, Treasuries, etc. But the “$300 trillion” minted obviously couldn’t be backed. This discrepancy draws attention.  Trust & regulation: For PayPal and Paxos, this is a reputational blow and may attract regulatory scrutiny. 

 

 

Disclaimer

This article is for educational and informational purposes only. It does not constitute financial or investment advice. Cryptocurrency investments are subject to market risks. Always do your own research (DYOR) and consult a certified financial advisor before investing.

 

 

 

 

 

 

 

#BitcoinWallet,#CryptoWallet,#DigitalWallet,#BTCStorage,#HODLBitcoin,

#SecureYourCrypto,#BlockchainWallet,#CryptoSecurity,#BitcoinSavings,#CryptoSafe