India’s Madras High Court Recognizes XRP as Property Under Criminal Law

The evidence strongly supports the truthfulness of the statement. Multiple high-authority and highly relevant sources directly confirm the Madras High Court's ruling. The Economic Times, a major Indian financial publication, explicitly reports that the court classified cryptocurrency as property in a case involving frozen XRP. This is corroborated by Yahoo Finance, which provides specific details about the case, and further confirmed by industry sources like Bitget and OneSafe. This creates a strong and consistent narrative from credible outlets.There is one source that directly contradicts the statement, an article from an Egyptian website (elfagr.org), which claims the court ruled cryptocurrency as 'non-property'. However, this source has a very low authority score (0.20) and contains a highly suspicious future date (2025-10-30) in its URL, which severely undermines its credibility. The overwhelming weight of evidence from reputable financial and legal news sources supports the original statement, making the single, low-quality contradictory report an outlier that is likely inaccurate. Several other sources were irrelevant to the specific claim.