Would it be legal to create new crypto?

[enhu]

No one says its illegal to create one which I guess this is why there are so much  ICOs today. The codes are free even bitcoin can be forked everyday but one who does that shouldn't expect profit though. Codes are  always opensource which is why its  easy to  create a new one, its just that its hard to  build a community who will be using your coin when there are enough coins.

[bobiecayao]

A lot of new crypto's are circulating over the internet, but half of them are scam. It started with a promising project, a huge amount of tokens are being offered.

[marcbitcoins]

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?

It is not illegal to create your own crypto as long as you will make it in good terms like you follow the rules and regulation of acquiring legal permits that like what you have said that Crypto is legal in your country as also the latest news update in your country. Just make sure you respect the copyrights also specially in talking of commodities that to be use as utility project so good luck then.

[aryatrals]

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.

[KorakPawon]

I guess no, you will not be arrested and as what as you said bitcoin is not illegal in your country so how will you jail and who will do it for you. There are so many cryptocurrencies now and I guess there's not even one got in jailed because of creating some new cryptocurrency

Indeed. no one got jailed because of creating new crypto. But, why should we make a new one when the old one is still need to be popularized to make it legal or at least  be accepted by the world.

[sambel90129]

I guess no, you will not be arrested and as what as you said bitcoin is not illegal in your country so how will you jail and who will do it for you. There are so many cryptocurrencies now and I guess there's not even one got in jailed because of creating some new cryptocurrency

making new crypto as we want is legitimate, but most importantly our crypto version is accepted in the community or not, because the most difficult product is marketing it, because without public recognition and the public is not interested in our version of crypto, it's the same, big loss will befall us.

[ningrumxxi]

I guess no, you will not be arrested and as what as you said bitcoin is not illegal in your country so how will you jail and who will do it for you. There are so many cryptocurrencies now and I guess there's not even one got in jailed because of creating some new cryptocurrency

making new crypto is nothing wrong, but it all depends on the market, whether crypto we make is acceptable or not, otherwise we will get a big loss, it would be good if we do not need to make a new product that is not necessarily successful, if we enlarge the product that is already running, we just have to accept the results without any time-consuming struggle and big risks that always haunt us.

[Cupomi]

to me it must be legal, as most of the people have created their own currencies, but to apply it in a state then it depend on the policy of the state, i think in most of the state it will not be legal to introduce a new currency and encourage people to use it for their shopping and in business also. 

making new crypto does not violate the law, because crypto is different from fiat money that must be controlled by a country, crypto currency will only be used for certain commons, so it depends on the level of communication we have, because if it is to be used by a small community then we will make crypto new also in vain, we better follow or use crypto now, for example, bitcoin, which has been recognized worldwide.

[deppil]

No one says its illegal to create one which I guess this is why there are so much  ICOs today. The codes are free even bitcoin can be forked everyday but one who does that shouldn't expect profit though. Codes are  always opensource which is why its  easy to  create a new one, its just that its hard to  build a community who will be using your coin when there are enough coins.

Right. for now there aren't any conditions for creating a new crypto. You can make it if you can. there are no restrictions on that. you're right the difficutl thing is not to make crypto. but how to spread, market it and create a large community for crypto that you created.

[sambel90129]

You say that bitcoin is illegal in your country and also altcoins are illegal, yes?

I think that creating a cryptocurrency isn't an illegal thing and you won't be arrested but what about to use VPN at the same time? There is much illegal things and people are doing that but no one is arrested.

And while you are going to make cryptocurrency, are you doing it alone or do you have a team? Can you develope and make a known cryptocurrency?

rather than making a new cryptocurrency it is better to manage existing ones, besides the risks that are obtained if making a new one is very large, but we also have to see the crypto potential that we make whether it is acceptable or running, because introducing something new is very risky the loss is very much, if we use existing crypto, we can avoid potential losses by looking for coins that are really good, don't look for problems that we should be able to avoid.

[aryatrals]

I guess no, you will not be arrested and as what as you said bitcoin is not illegal in your country so how will you jail and who will do it for you. There are so many cryptocurrencies now and I guess there's not even one got in jailed because of creating some new cryptocurrency

Are there rules that prohibit new crypto, none at all, all countries have no restrictions on new crypto, but that is a problem for new krypto usually when it is already on the money market, does the new krypto sell in the money market or not, this could be consideration for potential new crypto makers, because investors already understand that it is more profitable to buy something that is certain than something new.

[Aramazdi]

yes it is legal to create a new crypto currency in the market and then to add it in exchange, but after that to make it a successive one you need hard work for it, after that you will introduce it into people for this purpose you will use different strategy to introduce it to people so that they make take interest in it and do trading in it.

it's easy for us to make Crypto new, but it's very difficult for us to be able to introduce and be interested by many users, Crypto is like a product, so it's very difficult to market, more profitable for us to use something that is popular and proven safe and potential In the future, a good one, like Bitcoin, is already the standard of all Altcoins, why take risks is too big if what is certain is in front of our eyes.

[EdenHazard]

No one says its illegal to create one which I guess this is why there are so much  ICOs today. The codes are free even bitcoin can be forked everyday but one who does that shouldn't expect profit though. Codes are  always opensource which is why its  easy to  create a new one, its just that its hard to  build a community who will be using your coin when there are enough coins.

Right. for now there aren't any conditions for creating a new crypto. You can make it if you can. there are no restrictions on that. you're right the difficutl thing is not to make crypto. but how to spread, market it and create a large community for crypto that you created.

Cryptocurrency is not restricted, everyone has the right to make the digital currency they want, but the question is, what is the purpose of someone making a cryptocurrency? And what is the function? And the last factor is must have a value.

It's useless if there is someone making a cryptocurrency but it doesn't have the slightest value. I guess value is the most important factor cause everyone will be interested to cryptocurrency they made and then the first thing they see is 'value'.

Agree with you, one of the factor cryptocurrency has value is a community, with a community one can promote cryptocurrency created. And spread a number of issues that the cryptocurrency created has a broad function not only as a transaction tool, for inctance.

[Marcsymon]

As long as your country allows it specially if they declared Bitcoin is legal then just follow all regulations and submit all legal documents with permits to create a new crypto thru ICO then you are good to go. Don't forget to prepare huge financial resources as facilitating a new crypto will require huge amount of money.

[McCryptoface]

I still think that they will make their own government blockchain, but it works vise verse - they will be able to see all the members of the chain and from where you get money and where it goes afterwards. Actually, for them it's better to have people without cash - it still hard to track. Yeah, they do have number, but who uses it anyways. So, it's called crypto, but i still think that the only crypto left will be just cash or gold, or something like that.

[jabrix]

Since I regularly review many new ISO projects, I can say with confidence that many developers come from India. Therefore, you can easily create cryptocurrencies, especially since you, as you say, it is not prohibited by law.

Of course making new crypto is not prohibited, because the ICO project also has the goal of creating a new coin, which is to find as many investors as possible with the hope that the developed coins will be accepted by the market.
However, as befitting a new coin, it can be accepted but it may also not be accepted by the market, so the element of speculation is very large because there is no guarantee that the coin will be successful in trading.

[Schirer]

At the moment India situation has been worsening, reading a lot of reports which suggest fll out ban with criminal charges who dont obey.

But in general it could be interpreted as illegal since you are makeing new currency in country where there is only one legal currency.
You can say that there was a "precident" with Estonia and the governing EU , they shut Estonia's idea right down -> https://qz.com/1072740/mario-draghi-of-the-ecb-dashes-estonias-plan-for-an-estcoin-cryptocurrency-backed-by-the-government/

[Georgfree]

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?

As a general rule, the rule of presumption of legality of transactions is fixed in all civil codes of states. That is, all transactions that are not explicitly prohibited by the law and do not contradict the generally accepted rules of behavior in society are considered legitimate. That is, according to this rule, you can create altcoins, if the domestic legislation of India does not contain a direct ban on doing so. Therefore, you need to refer to the laws of your country.

I think that the creation of new cryptocurrencies is not illegal and, to be honest, real cryptocurrencies are not regulated in this case either. Therefore, this system is still new and no one has the right to accuse anyone of a crime.

[imstillthebest]

I think that the creation of new cryptocurrencies is not illegal

Its not illegal if your on a crypto accepted country but to those that bans it , you could be in great danger if you insist to do so but who will know if you create one ?  You will only be in danger if your creation spreads out  .

real cryptocurrencies are not regulated in this case either. Therefore, this system is still new and no one has the right to accuse anyone of a crime.

No matter how old the crypto get , they are still remain to be unregulated except to some that are fully centralized cryptos  . anyone have the right to make a law to ban or unban a crypto and its already happening on some countries

[coin-investor]

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?

You already said that Bitcoin is not illegal in your country, so you can create a new Crypto, but using it and marketing it is a different story, you should read and adopt the implementing rules of your government, that is getting a license to operate your coin and products and services attached to it.
You are ok and safe if you are compliant, you should also check about the rules and regulations about crowdfunding if you prefer to launch an ICO.