<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/crypto-live-news/indias-supreme-court-dismisses-plea-for-crypto-legislation/">India’s Supreme Court Dismisses Plea for Crypto Legislation!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p>
<p>India’s Supreme Court has rejected a petition seeking the government to frame legislation for cryptocurrencies. The petitioner, Manu Prashant Wig, is currently in judicial custody on charges of inducing people to invest in a fraudulent scheme. The court deemed the real purpose of the petition to be seeking bail in pending proceedings. Wig is the director of a centralized cryptocurrency exchange, Tokenz Limited, which is accused of defrauding over 130 victims. The court’s decision comes at a time when India has introduced stiff taxes on cryptocurrencies and payment processors have cut off local exchanges, leaving the industry struggling to survive.</p>

India’s Supreme Court Dismisses Plea for Crypto Legislation!

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