Post
Topic
Board Legal
Re: Would it be legal to create new crypto?
by
basyang
on 30/10/2018, 20:56:30 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?

For me if you will create a cryptocurrency then make sure you will not using any information in your country just a broad usage of coins to transaction. Many cryptocurrency are making every month because they believe that ine of those coins/tokens will be famous and it can help us to our transactions. Well I do not think if you will be out behind bars once you create cryptocurrency as long as it did not put your country at risk and it will not be used in illegal activities.