India’s Supreme Court refused to entertain a petition which sought a direction to the government to frame legislation for crypto. The petitioner is currently in judicial custody, accused of “inducing people to invest money in a scheme.”
India’s Supreme Court, a historical hope for the nation’s cryptocurrency industry, turned away a petition that sought to direct the government and relevant authorities to frame guidelines for regulating the trading and mining of cryptocurrencies.
The public interest litigation (PIL) by Manu Prashant Wig against the Union of India and others, which also asked for a direction for the prosecution of cases involving digital assets,
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