Re: Would it be legal to create new crypto?

Quote from: Sharma on August 22, 2016, 10:07:58 AM

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?

There is absolutely nothing wrong with creating any new altcoin as there are many people in India who are regulating and building there own crypto (for instance we have lala coin in India) . It is not illegal until you miss use it to earn money. This will lead you behind bars. Other than that its safe to launch Altcoin .