Post
Topic
Board Legal
Re: Would it be legal to create new crypto?
by
tomwalsh
on 14/12/2017, 15:47:18 UTC
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?
You just have to be careful how you market it.

Making false claims as to how fast it will grow in value or misleading people who buy it in any way may cause you difficulties.

No one will complain when things are going right but when things go wrong they will come for your head unless you have covered yourself.
Partner up with someone who has studied a=or practices law, they may be able to guide you through any problems.