Indian High Court Recognizes XRP as Property
Many governments around the world are still grappling with how to regulate cryptocurrencies, leaving them in a legal gray zone. However, a growing number of countries have begun defining digital assets as property, a move that clarifies ownership rights and integrates them into existing tax systems. In the U.S., the IRS treats crypto as property for tax purposes, meaning profits from sales, exchanges, or purchases are subject to capital gains tax. British courts have taken a similar stance, recognizing digital tokens as personal property that can be traced, recovered, or frozen in cases of theft and fraud. Singapore’s court has…
