The Supreme Court on Friday declined to entertain a public interest litigation (PIL) petition seeking guidelines to regulate cryptocurrency [Manu Prashant Wig v. Union of India and Ors].The bench of Chief Justice of India DY Chandrachud, and Justices JB Pardiwala and Manoj Mishra also noted that though the plea was filed under Article 32 of the Constitution, its goal appeared to be to secure bail for the petitioner in a related case.“We cannot entertain this. Other prayers lie in the legislative domain. The petitioner can approach other authorities for remedies under law,” the CJI said..The counsel representing the petitioner submitted that cryptocurrency was voluntarily purchased and thus there can be no offence under the Indian Penal Code for such a transaction. However, the Court refused to entertain the matter further, opining that the petitioner could approach any other forum.“Why should the Supreme Court look into this?” the Court added..The petitioner, Manu Prashant Wig, is currently in judicial custody in a case registered by the Economic Offence Wing of Delhi Police in 2020. Wig is one of the directors of Blue Fox Motion Picture Limited. He stands accused of inducing people to invest money in a scheme with an "exceptional, high rate of return." However, 133 investors/ victims later gave complaints to the EOW alleging that they were defrauded and that their money was not returned.