Posted 11/11/2023, 10:45:00 AM
Supreme Court Dismisses Plea Seeking Crypto Regulations, Cites Legislative Domain
- Indian Supreme Court declined to consider PIL seeking crypto regulations and guidelines
- Court said demands were more legislative in nature, dismissed plea
- Petitioner is held in custody for allegedly defrauding investors through crypto scheme
- Court allowed petitioner to pursue legal remedies like bail from other authorities
- India still lacks clear rules on crypto trading despite working on regulatory framework