The Supreme Court of India has refused to consider a Public Interest Litigation (PIL) seeking to formulate a framework of regulations and guidance for cryptocurrency trading in India. After hearing the complaint, a bench headed by the Chief Justice of India (CJI) reportedly said that the petitioner's demand was more legislative in nature. Considering the nature of the petition, a bench of Justices JD Pardiwala and Manoj Misra dismissed the plea. The Supreme Court noted that although the petitioner filed a PIL seeking regulation and guidance on cryptocurrencies and their transactions, their underlying objective was to obtain bail. (Cointelegraph)