Post
Topic
Board Legal
Re: Would it be legal to create new crypto?
by
aryatrals
on 28/11/2018, 01:33:55 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?
every company can create their own crypto functions, you just have to register with the authorities, but there is nothing about crypto that guarantees that it can be accepted in the wider community or not, so in general as long as the country that you keep gives permission and all means supporters are complete, this will not be a problem in the future, which is usually the biggest problem usually from market players who sometimes do things that we do not want, for example using your coins is a means of fraud, and a lot of things we do not want to happen.