SC refuses to entertain plea to frame guidelines for cryptocurrency trading regulations

The bench, also comprising Justices JB Pardiwala and Manoj Misra, observed that though the petition was under Article 32 of the Constitution, it was evident that the "real purpose is to seek bail in proceedings which are pending against the petitioner".
The Supreme Court has refused to entertain a petition seeking a direction to the Centre and others to frame guidelines for the regulation of trading and mining of cryptocurrencies. Cryptocurrencies are blockchain-based digital or virtual currencies th