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?
but every government has their own term and condition and rules, regulation and you have to follow these rules regulation if you want to leave there as a good citizen,