BitcoinWarrior

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India’s Supreme Court Dismisses Petition Seeking Government Guidelines For Crypto

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. The Court clarified its position, stating, “Though the petition is under Article 32 of the Constitution, it is evident that the real purpose is to seek bail in proceedings which are pending against the petitioner. We are unable to subscribe to t…