Seeing digital wealth as property: The Madras High Court reframes cryptocurrency
Background: A petition was filed under Section 9 of the Arbitration and Conciliation Act, 1996 against Zanmai Labs Pvt Ltd (operator of the crypto-exchange WazirX) for release of certain frozen crypto-tokens (3,532.30 XRP) of the applicant on account of a cyber-attack and resultant locking of the account. While determining interim relief, the Madras High Court […]