Quote from: Magic Sarap on May 16, 2018, 05:27:19 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?

I don't think so, think about bitcoin, it is a currency yet popular than the other but still some countries are hard to accept or legalize it. So, i think if you create a new maybe they ignore that too.

If there is no legal basis so it is legal because if you create crypto currency it is just like selling products to the peoples and that is legal on the basis of pre market in a democratic country, if it is just not scam so it is legal.