Indian Court Rules Crypto Is ‘Property,’ Blocks WazirX Plan to Use User’s XRP to Cover Hack Losses

The Indian court delivered a major win for investor rights, ruling that cryptocurrency constitutes ‘property’ under domestic law, thereby blocking the embattled exchange WazirX from imposing a collective loss-sharing plan on its users. Specifically, the court prohibited WazirX from redistributing user-owned XRP holdings to cover unrelated losses (Ethereum and ERC-20 tokens) stemming from the exchange’s […] Read The Full Article Indian Court Rules Crypto Is ‘Property,’ Blocks WazirX Plan to Use User’s XRP to Cover Hack Losses On Coin Edition.