The Indian Supreme Court has rejected a Public Interest Litigation (PIL) that sought to establish regulations and guidelines for cryptocurrency trading in the country. The court, headed by the Chief Justice of India (CJI), deemed the petitioner's demands to be more legislative in nature and dismissed the plea. The petitioner, Manu Prashant Wig, is currently in custody in connection with a cryptocurrency case and had filed the PIL in a bid to secure bail. Despite rejecting the PIL, the Supreme Court allowed the petitioner to pursue legal remedies and approach other authorities. The court advised the petitioner to seek bail through a different court and noted that the issue of cryptocurrency regulations falls within the legislative domain. India is reportedly working on a cryptocurrency regulatory framework, based on recommendations from the International Monetary Fund and the Financial Stability Board.