In all civilized countries, the principle of presumption of legitimacy of transactions, which are enshrined in their Civil Codes, operates. This has been effective since Roman law, which became the basis for the adoption of a set of laws on the right to private property. This principle implies that any transactions that are not expressly prohibited by law are legitimate. Therefore, if there is no direct prohibition on crypto-currency activities in India, any activity with it, including the creation of altcoyins, should be considered legitimate.