SC refuses to entertain plea to frame guidelines for regulation of trading of cryptocurrencies
PTI, Nov 11, 2023, 4:06 PM IST
The Supreme Court has refused to entertain a petition seeking a direction to the Centre and others to frame guidelines for regulation of trading and mining of cryptocurrencies.
Cryptocurrencies are blockchain-based digital or virtual currencies which operate independently of a central bank.
A bench headed by Chief Justice D Y Chandrachud said the main reliefs sought in the plea were more in nature of a legislative direction.
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