This Week In Crypto News Asia: Indian Court Recognizes Crypto As Property, Japan Launches JPYC Stablecoin, China Categorizes Stablecoins As High Risk

Asia is currently leading the global crypto charge, with countries like Vietnam, India, Japan and South Korea becoming regional crypto hubs. Some of these countries are witnessing an explosion in retail crypto trading, while other are charting frameworks to better govern crypto, providing the broader Asian crypto landscape with roadmaps that they can adapt to.. The post This Week In Crypto News Asia: Indian Court Recognizes Crypto As Property, Japan Launches JPYC Stablecoin, China Categorizes Stablecoins As High Risk appeared first on 99Bitcoins.

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Nov 2, 2025 - 23:00

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Asia is currently leading the global crypto charge, with countries like Vietnam, India, Japan and South Korea becoming regional crypto hubs. Some of these countries are witnessing an explosion in retail crypto trading, while other are charting frameworks to better govern crypto, providing the broader Asian crypto landscape with roadmaps that they can adapt to their own specific needs.

A lot has happened since the last update on crypto in Asia. Here’s a rundown of the big headlines.

Indian Court Rules Crypto As Property: Blocks WazirX From Redistributing User’s XRP

The Madras High Court in India, on 31 October has given a major ruling that recognizes cryptocurrencies as legal property, giving crypto holders in the country stronger protection under the law.

The case involves a WazirX user who had purchased 3,532 XRP tokens before the infamous July hack last year. WazirX had planned to redistribute the user’s XRP to help cover platform losses, but the court blocked its move.