I am from India and bitcoin is not illegal here nor it is regulated.Reserve Bank,the central bank,says it is still watching bitcoin revolution www.indiabitcoin.com/reserve-bank-of-india-governor-raghuram-rajan-speaks-about-bitcoin/ . My question is if I create a cryptocurruncy (Some new Alt coin),will I be doing something illegal? Can I be put behind bars for creating a parallel currency,if it gets widely accepted?
I think if you not growing fast that will be ok. if it growing fast, then you get stop by india government
i think it is false news because if you are legally wining a good amount of money then how can your government stop you from earning more bitcoin?
From my readings so far, I dont think it is expressly stated in most countries that creation of crypto currency is illegal as most laws are just silent about the matter and countries are waiting for things to unfold before taking the next line of action probably because they are pre-occupied with more mundane things. However, where the concern is is USA as there are serious regulations one have to comply with if youre to to deal with cryptos thats why some exchange or service providers exclude people from this country.