I'm wondering if creating a cryptocurrency coin is considered illegal. I'd like to understand the legality behind developing and potentially distributing such a digital asset.
6 answers
CryptoQueen
Thu Dec 12 2024
The process of creating a new cryptocurrency does not involve seeking government approval or support.
Michele
Thu Dec 12 2024
Cryptocurrencies differ significantly from traditional currencies in terms of their creation process.
DongdaemunTrendsetterStyleIconTrend
Thu Dec 12 2024
Traditional currencies require government approval and backing to be established and circulated.
noah_stokes_photographer
Thu Dec 12 2024
In contrast, anyone with the necessary know-how can create a cryptocurrency.
Martino
Wed Dec 11 2024
Instead, it requires an investment of time and a strong desire to develop something valuable.