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⚖️ Crypto User vs WazirX

Is Cryptocurrency Property or Just a Digital Entry ❓

🏛 Court’s Examination

After reviewing global and Indian judgments, the court concluded:

- ✅ Cryptocurrency is property
- 🔒 It can be owned, held in custody, and protected by law
- 🤝 The exchange holding the asset owes a fiduciary duty (duty of care)

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📌 Why This Matters

If cryptocurrency is legally recognized as property:

- 🚫 WazirX cannot confiscate your assets
- 🚫 WazirX cannot redistribute them without your consent
- 🛡 Your holdings enjoy the same legal protection as other forms of property

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✨ In short: Your crypto is not just a digital entry—it’s your property, safeguarded by law.

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🔗 Sridhar Vembu (@svembu)