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Start a Transition Initiative. Organize an open meeting on a topic related to money. Identify and engage your stakeholders. Set up a management team. Decide on the model. Launch a design competition. Decide on your legal structure. Generate start-up funding.
Start a Transition Initiative. Organize an open meeting on a topic related to money. Identify and engage your stakeholders. Set up a management team. Decide on the model. Launch a design competition. Decide on your legal structure. Generate start-up funding.
The costs for starting a currency trading business are minimal. All you need is a computer and access to a FOREX trading platform. Expect to pay between $500 and $2,500 for a computer. Higher end computers are sometimes necessary if you plan on doing high volume trading.
It's perfectly legal to create your own currency in the US. There are quite a few community currencies already in existence. They are considered legal as long as they are not used to avoid taxes and can be exchanged for US dollars (Private currency). Historically, banks would print their own banknotes.
Federal law prohibits people from making metal coins intended for use as current money. 1 Creation of souvenir coins not intended to act as currency, however, is not illegal. It is also important to note that federal law only prohibits the creation of metal coins.
States seek currencies made of silver and gold. Unlike individual communities, which are allowed to create their own currency -- as long as it is easily distinguishable from U.S. dollars -- the Constitution bans states from printing their own paper money or issuing their own currency.
Under 18 U.S. § 486, it's a criminal offense to make or pass any metal coins “intended for use as current money, whether in the resemblance of coins of the United States or of foreign countries, or of original design.” If true, it is arguably illegal for you to make your own currency and set it free upon the world.
Yes, It's Legal! Many people assume that it's illegal to stamp or write on paper currency, but they're wrong! There are three things that you CANNOT do to paper currency: You CANNOT change the denomination for example, you cannot add two zeros to a one dollar bill and pretend that it's a one hundred dollar bill.
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