WazirX founder Nischal Shetty praised the Madras High Court’s decision to classify cryptocurrency as “property,” calling it a positive step for India’s digital asset ecosystem. He noted that the ruling provides much-needed legal clarity for investors and startups, potentially encouraging regulatory acceptance and innovation. By recognizing crypto as a legitimate asset class, the judgment could help streamline taxation and ownership rights while reducing uncertainty for businesses operating in the sector. Shetty emphasized that such judicial recognition marks progress toward a balanced regulatory framework and strengthens India’s position in the global crypto economy.