Re: 6 Bitcoins & 2 Ounces of fine Gold in Bounty – Submission Deadline 31st August

Quote from: S4VV4S on July 13, 2014, 11:08:55 PM

Quote from: thejewelrytech on July 13, 2014, 11:02:07 PM

Whatever design you choose to use? make sure it's legal theirs laws on making coin that can be used as a currency make sure you read up on The laws about these things? and also seek Professional Legal Advice about doing something like this. http://www.communitycurrencieslaw.org/currency-laws/

U.S. Code Title 18 Part I Chapter 25 § 489
18 U.S. Code § 489 - Making or possessing likeness of coins

Current through Pub. L. 113-121. (See Public Laws for the current Congress.)

Whoever, within the United States, makes or brings therein from any foreign country, or possesses with intent to sell, give away, or in any other manner uses the same, except under authority of the Secretary of the Treasury or other proper officer of the United States, any token, disk, or device in the likeness or similitude as to design, color, or the inscription thereon of any of the coins of the United States or of any foreign country issued as money, either under the authority of the United States or under the authority of any foreign government shall be fined under this title.

What if he/she is not in the U.S.?

I'm sure other countries have similar laws .Again seek professional legal advice wherever you may reside as Laws vary everywhere.I'm by no means a professional.But there was a case not too long ago where a company created a COLD WALLET for Bitcoin embedded into a coin and they were shutdown by the U.S government because only government can print coins for Legal tender. I can't remember the name of the company though? It's a very thin line when it comes to making any type of coin unless it's commemorative with no value Especially if it can be used for trade or buy things there very well can be trouble with making it.Governments don't like their monopoly infringed on.That's why I say seek Professional Legal advise don't just take my advice nor anybody Else's for that matter wherever you may be because it's better to know in advance for sure? Then before it's too late and you get a unwelcome knock on the door................