‘Crypto Currency’ is a property which is capable of being held in trust

Rhutikumari Vs Zanmai Labs Pvt. Ltd. (Madras High Court) Madras High Court held that ‘crypto currency’ is a property which is capable of being held in trust. Accordingly, held that applicant is entitled to an interim protection under section 9 of the Arbitration and Conciliation Act. Facts- This application has been filed under Section 9 of the Arbitration and Conciliation Act (for short, the Act) for an order of injunction restraining the respondents from interfering with the account/portfolio holding of the applicant to the tune of 3,532.30 XRP coins in the WazirX platform either by red...