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SC refuses to entertain plea to frame guidelines for regulation of trading of cryptocurrencies

04:06 PM Nov 11, 2023 | PTI |

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.

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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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