The Supreme Court of India dismissed a petition seeking governmental guidelines for cryptocurrency trading and mining, citing misuse of constitutional provisions for personal legal relief. The petition, filed by Manu Prashant Wig against the Union of India and others, aimed to compel the government to establish regulatory measures for cryptocurrencies.
On Friday (11.11.2023), the Supreme Court declined to consider a public interest litigation (PIL) seeking guidelines for trading and mining of cryptocurrency. The petition was brought before a bench.
The Supreme Court on Friday declined to entertain a Public Interest Litigation petition seeking to regulate cryptocurrency, a digital currency. [Manu Prashant Wig v. Union of India and Ors]