Das Stock-to-Flow-Modell ist möglicherweise nicht das beste Instrument für die Prognose des Bitcoin-Kurses, sagte André Dragosch, Investmentanalyst bei Bitwise.
Cryptocurrency is as ‘property’ under Indian law, rules Madras High Court
- Madras High Court confirms crypto can be owned and held in trust.
- WazirX has been barred from redistributing investors’ unaffected XRP holdings.
- Ruling strengthens investor rights and Web3 governance in India.
In a landmark ruling that could reshape cryptocurrency in India, the Madras High Court has declared that cryptocurrencies qualify as property under Indian law.
The Court’s decision, delivered by Justice N. Anand Venkatesh, affirms that cryptocurrencies can be owned, held in trust, and protected as legal property — a major step in clarifying the legal status of digital assets in the country.
Cryptocurrency in India now recognised as property
The case arose from a petition by an investor whose 3,532.30 XRP coins were frozen after a cyberattack on WazirX, one of India’s largest cryptocurrency exchanges.
In July 2024, the platform suffered a $234 million hack involving Ethereum and ERC-20 tokens.
While the investor’s XRP holdings were not part of the stolen assets, WazirX sought to redistribute all users’ funds under its so-called “socialisation of losses” plan.
Justice Venkatesh firmly rejected the proposal, ruling that each investor’s digital holdings are individual property and cannot be diluted or redistributed to cover exchange losses.
He emphasised that cryptocurrencies, though intangible, possess all the essential attributes of property — they are identifiable, transferable, and exclusively controlled through private keys.
“It is not a tangible property nor is it a currency,” the judge observed. “However, it is a property, which is capable of being enjoyed and possessed in a beneficial form.”
This interpretation grants digital asset holders stronger legal standing, ensuring that their cryptocurrencies are recognised as assets protected under Indian law.
Jurisdiction and investor protection
The Court also settled questions over jurisdiction, dismissing WazirX’s argument that Singaporean arbitration rules applied because its parent company, Zettai Pte Ltd, is based in Singapore.
Justice Venkatesh cited the Supreme Court’s earlier decision in PASL Wind Solutions Pvt Ltd v. GE Power Conversion India Pvt Ltd (2021), noting that Indian courts have authority over assets located within India.
Because the investor’s transactions originated from Chennai and involved an Indian bank account, the Court confirmed that the case fell squarely under Indian jurisdiction.
The court further highlighted that Zanmai Labs Pvt Ltd, which operates WazirX in India, is registered with the Financial Intelligence Unit (FIU) — unlike its foreign parent company or Binance.
This distinction reinforced that Indian exchanges operating domestically are subject to Indian oversight and accountability, particularly in protecting user assets and maintaining transparent custodial practices.
Strengthening Web3 governance
Justice Venkatesh’s decision went beyond individual relief to call for higher standards of corporate governance in the Web3 and crypto sectors.
He urged exchanges to maintain separate client funds, conduct independent audits, and uphold robust KYC and anti-money laundering controls.
These measures, the Court noted, are vital for building trust in the digital economy and protecting consumers from future mishandling of assets.
Legal experts hailed the judgment as a milestone in developing “crypto-jurisprudence” in India.
Vikram Subburaj, CEO of Indian exchange Giottus, described it as a foundational moment that signals to all market participants — exchanges, users, and regulators — that the digital asset space will be held to strong standards of governance and protection.
A foundation for India’s crypto future
The Court’s ruling not only protects the rights of individual investors but also strengthens the broader regulatory framework around digital assets.
By recognising cryptocurrency as property, the judgment fills a crucial legal gap in a country where tax enforcement on crypto remains strict, but investor protections have lagged.
As Justice Venkatesh wrote, courts now serve as the “central stage where the future of digital value is debated.”
Through this ruling, the Madras High Court has given India a clearer picture of ownership, responsibility, and trust in the age of decentralisation.
With cryptocurrency in India now firmly recognised as property under Indian law, the decision marks a turning point for the country’s digital asset ecosystem — affirming that in India, crypto holdings are not just speculative instruments but protected assets under the law.
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Bitplanet becomes South Korea’s first listed firm to buy Bitcoin (BTC)
- Bitplanet bought 93 BTC in Korea’s first regulated corporate purchase.
- The firm plans daily Bitcoin buys to reach a 10,000 BTC treasury.
- Backed by major investors, Bitplanet leads Korea’s Bitcoin adoption.
Bitplanet has made history in South Korea’s financial landscape by becoming the nation’s first publicly traded company to purchase Bitcoin (BTC) through a regulated domestic exchange.
The KOSDAQ-listed technology firm recently acquired 92.67 BTC — worth approximately $10.9 million — marking a new chapter in the country’s corporate embrace of digital assets.
Korea’s first regulated corporate Bitcoin buy
The BTC acquisition positions Bitplanet as a pioneer in compliant Bitcoin adoption within Asia’s evolving financial ecosystem.
For the past month, @Bitplanet_KR has been quietly building the most reliable and compliant Bitcoin treasury infrastructure in Korea — culminating in becoming the first public company to purchase Bitcoin directly through a licensed domestic crypto exchange. As of October 26,… pic.twitter.com/hEmpvh9fUL
— Bitplanet Inc. (@Bitplanet_KR) October 26, 2025
It is the first time a listed company has acquired Bitcoin through a licensed exchange within the country’s regulated financial infrastructure.
Executed entirely under the supervision of South Korea’s Financial Intelligence Unit (FIU), the transaction signals growing confidence among institutional investors that Bitcoin can serve as a legitimate, strategic treasury asset.
The Seoul-based company described the move as a deliberate, rules-based initiative rather than a speculative trade.
Co-CEO Paul Lee explained that the purchase marks the start of a disciplined, long-term accumulation plan designed to reduce timing risks while positioning Bitcoin as a strategic treasury reserve.
The transaction was executed fully in compliance with domestic financial laws, a milestone that could encourage other listed companies to follow suit.
Notably, the timing of Bitplanet’s move coincided with a strong rally in Bitcoin prices, which recently climbed above $115,000 amid optimism about US Federal Reserve rate cuts and increasing exchange-traded fund (ETF) inflows.
By choosing this moment to make its first acquisition, Bitplanet demonstrated not only market awareness but also confidence in Bitcoin’s long-term role as a corporate asset.
From its IT roots to a Bitcoin treasury company
Founded in 1997 as SGA Co., Ltd., Bitplanet has deep roots in IT, cybersecurity, and education technology services.
The company rebranded in September 2025 to reflect a broader shift toward blockchain and Bitcoin-focused ventures.
Its pivot follows the full $50 million acquisition of SGA earlier in the year and the completion of a $40 million fundraising round to support its new treasury strategy.
This strategic transformation underscores Bitplanet’s vision of becoming South Korea’s first institutional-grade Bitcoin treasury company.
The firm has developed a comprehensive infrastructure for compliant digital asset management, including regulated custody solutions, secure storage, and real-time audit systems that meet government and financial oversight standards.
Bitplanet’s management says it intends to accumulate Bitcoin daily through licensed domestic exchanges, aiming to build a reserve of up to 10,000 BTC over time.
This steady, methodical approach minimises exposure to market volatility and mirrors similar strategies employed by firms such as Japan’s Metaplanet, one of Bitplanet’s key backers.
Backed by global Bitcoin advocates
Bitplanet’s Bitcoin strategy is supported by a global network of digital asset investors.
The firm’s backers include Simon Gerovich of Metaplanet, AsiaStrategy, Sora Ventures, UTXO Management, KCGI, Kingsway Capital, and ParaFi Capital — groups known for advancing institutional Bitcoin adoption worldwide.
Their involvement signals strong confidence in Bitplanet’s compliance-focused model and its potential to establish a new standard for Bitcoin treasury management in Asia.
Industry observers believe the company’s regulated approach could pave the way for broader corporate participation in South Korea’s growing digital asset market.
The BTC purchase also aligns with the country’s forthcoming Digital Asset Basic Act, scheduled to take effect by 2027, which will formalise the rules for cryptocurrency custody and corporate holdings.
By moving early, Bitplanet positions itself to benefit from the regulatory clarity that this law is expected to bring.
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Bitcoin-Kurs bei 112.000 US-Dollar an der Schwelle zur Kletterpartie
Während der Bitcoin-Kurs unmittelbar vor der Hürde für einen neuen Aufschwung steht, könnte eine etwaige Leitzinssenkung in der kommenden Woche zum entscheidenden Katalysator werden.
Türkei: Aktueller Krypto-Boom eher spekulativ als organisch – Chainalysis
Der aktuelle Aufschwung des türkischen Kryptomarktes ist laut Chainalysis überwiegend auf die spekulativen Aktivitäten institutioneller Investoren zurückzuführen, während die Kleinanleger weniger werden.