Quote from: tomwalsh on December 14, 2017, 03:47:18 PM

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?

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.

It would be a good option but wont really be necessary at all since it has being mentioned that bitcoin isn't illegal on their country which would result if he tend to make a new coin it would really be just fine but in the fact that we should not really violate or step up on they do govern things because once you have done such thing then expect they would really make actions against you. For me it just still fine as long you do know on how to market it on right way and wont really violate any laws along the way.