Some jurisdictions regulate cryptocurrencies as a security, in which case this scheme is illegal.
The regulation of cryptocurrency is also changing very rapidly, and it's possible that any government could increase regulation at any time, as well as investigate previous crimes and illegal activities if they were substantial enough.
Depends on your location.
Some jurisdictions regulate cryptocurrencies as a security, in which case this scheme is illegal.
The regulation of cryptocurrency is also changing very rapidly, and it's possible that any government could increase regulation at any time, as well as investigate previous crimes and illegal activities if they were substantial enough.