The Indian Supreme Court, led by Chief Justice Chandrachud, recently faced a petition seeking establishing a regulatory framework for cryptocurrency trading. Seeking relief, Wig filed a Public Interest Litigation (PIL) for crypto trading regulations in India, which the Supreme Court eventually rejected. During the hearing, the Supreme Court advised Wig to seek legal remedies through appropriate channels, specifically for bail. Judiciary-Legislature Gap in Crypto Regulation EvidentThe Supreme Court’s decision to reject the PIL signifies a clear demarcation between judicial and legislative responsibilities. Read Also: Indian Government Looking For Options To Regulate CryptocurrenciesThe post India’s Supreme Court Dismisses Petition for Crypto Regulation appeared first on CoinGape.

Source: The Nation November 11, 2023 17:05 UTC