India’s supreme court has rejected a court filing asking the government to detail cryptocurrency guidelines.
A remarkable decision came from India. Cryptocurrency exchange Tokenz Limited allegedly behind Blue Fox Motion Picture Director of Limited Manu Prashant wigHe was detained on charges of encouraging people to deposit money into the stock market to serve an unspecified purpose. Wig’s lawyers, who took action in his case, received a request from the Indian government. A set of guidelines that clearly outlines the rules of cryptocurrency series requested.
According to Bar and Bench, a local news agency focusing on Indian courts. Supreme Court of India He rejected this request. In the statement made by the court, the following statements were made:
Although the petition falls under Article 32 of the Constitution, it is clear that the main purpose is to seek bail in pending cases against the petitioner. It is not possible for us to accept this course of action.
Constitution of India Article 32, allows an individual to directly approach the highest court to protect his fundamental rights. However, the main purpose of the defendant’s application at this point is not to clarify the cryptocurrency industry. save yourself It is thought to be.