Re: Would it be legal to create new crypto?

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?

Since there are no formal banning of bitcoin in your country, ther are no reasons why you will put behind bars on making an altcoin. I also see that youre confident enough to say that your altcoin will have a future and if you produce that good, who knows, maybe it can be the next leading altcoin in the future.