Topic: Would it be legal to create new crypto? - page 8. (Read 23074 times)

yes there is no doubt about this that it is legal to create new crypto currency and that is such an easy job not a difficult one, but after that you need to give full support to it and find a place in exchange and introduce it in people in a good way.

but i think not a single country has yet consider bitcoin or any other currency as legal therefore no government is still not allowing any currency as legal to be use in their state,

yes creating new currency is legal, and there is no banned on it,

i think yes it is legal to make your own currency, but if you are going to add it in exchange then that the real challenge for you and you need really hard work to make it a successful crypto currency and people also invest some money in your coin.

everyone is creating a new crypto currency so it means that it is totally legal in the law of any government. If it was illegal then no one would be able to create a new crypto currency. You can see in the altcoin announcement section there are a number of projects which are running with the named developers and they do not face any issue with that. So it is fully legal.

but in present time there is no statement by any government that either it is legal or illegal, so i think creating new crypto is not illegal i even cannot say that either it is legal because still not a sing government has yet consider it as legal so it is in between and you are free to create new for the time.

The question is not about starting an illegal business. It has been agreed that starting a new altcoin is not illegal now.
However, there is a possibility that the government may outlaw it in the future. It would be tough for the government to jail you.

creating a new currency is not an issue but then to legalize it in a country is the main issue. you can see that there are thousands of currency created by people and owning it but still not a single one is legalize by the government and i thin it is still not effect the currency or economy of the states there fore they are not taking any action against it, if they feel that their economy or currency is effecting by these currency then they must take some action against these coins.

yes i am agree with you but if you going to start a business or any other activity you have to take permission from the government even you want to start an ice creams shop you must take permission from the government and only then you can run your business, so if you have no permission from the government about bitcoin then you will certainly face so many problems.

I think if you not growing fast that will be ok. if it growing fast, then you get stop by india government

Starting a illegal business is not risk but foolishness and you will end up in jail for your venture

Well, risk is part of the game. If you are willing to take higher risks, you will get higher returns.
Not too many people have gotten rich by starting an ice cream shop. 

I do not think you will be jailed if you create a new cryptocurrency.  I do not know if Satoshi Nakamoto or any founder of bitcoin actually go through some process of licensing the rights or anything under their names as the owner of bitcoin into the government.  You will just doing another digital currency that maybe beneficial for people who were seeking alternative crypto aside from bitcoin.

There is no any restriction and ban anywhere on creating a new altcoin/cryptocurrency in any part of the world so you are free to take a start, none of the government will ban or punish you for that act.

i think most of the countries are not going to legalize alt coins but they still not banned it and hope that government will accept the trading of alt coins in future, 

But some business have high potential risk.Like in your example chance if government banning Ice cream is much much low than governments banning crypto currency

That is a risk you take with any business - it is called political risk.
You start an ice cream shop. Tomorrow the government might ban it.
It is the same with crypto-currencies.

Well if you are going to create a crypto it is better to make it legalize so that many people will use your crypto. Bitcoin is not legal nor illegal depends on the country its just that it is the first crypto that ever made that is why until now it is alive and many people are still interested with it.

I think yes it is legal.  Because when bitcoin was created and then follows more digital currency, there is no limitation or governments regulation on how many should digital currency should be.  I think as long as you know how to code and make some programs then you could make a new crypto.  Many cryptos today turned out to be a scam after pooling some funds.  If ever you created a new crypto please let us know.

According to your local law, you may be not completely free to emit a coin.
You aren't going to spend tons of money once Flood will be online.
One thing anyway is emitting tokens for fun with friends,
another thing is if later then you decide to find an exchange platform for your coin.
The way the coins are used changes their role.
Flood is created by Monkeyscage, with few eth and one click you can can build your coin.
Unfortunately all buyers must be public and show up, or you don't get the code, or the monkeyscage will become a promoter of illegal values.
And this is not the plan. The plan is to produce software for who needs it, in total transparency.
Expecially because flood technology introduces a new standard (Flood technology may litherally change the old idea of cryptos, and also the idea of exchange platforms, let's see), pretty cool, but very likely illegal unless you have some kind of permission.

But this is just an opinion. You should ask a professional.
Flood will ask your personal informations and publish them on the blockchain.
Just to avoid problems. After all if you have nothing to hide , it is just free advertising for your coin.

Forget the new standard if you are anonymous, until this world of cryptos will be better ruled.
And once it will be ruled... forget to be anonymous lol
And anyway...if you want a famous coin... beeing anonymous at this point of the game won't really work..

By the way... launch price 3 ETH (ridicolous, for few days)
The monkeyscage will produce also modules to give further functionality to your coin.
Custom coins can be requested.