Legalities of Starting Bitcoin Exchange?

You're not cut out for this business if you can't figure this out yourself. Go and read their policies - pretty much every US-based fiat exchange publishes them.

Err, exchange policies are not the same as state or country specific compliance guidelines. One exchanges policies are not indicative of any sort of compliance big-picture, they're only indicative of how that individual exchange has chosen to deal with it. That's not to say that they're following the law.

Most of them are trust companies to get around state licensing. A notable exception is Coinbase, which as usual chooses to make things harder for themselves and their customers.

Just because they operate a trust (which is not a company fyi) does not absolve them of any licensing or legal requirements...

They are all over the Internet, you just don't know where to look, either due to lack of experience or lack of intelligence. Hopefully it's the former, as most of these laws are so convoluted that you just have to take your best guess or copy what everyone else is doing. I think you're looking for "How to Start a Bitcoin Exchange for Dummies", but that just doesn't exist. I don't know why you'd expect it to.

They're really not. I welcome you to back up that assertion. As you say, the laws are convoluted that people are in the business of taking their best guess or copying other exchanges, which is something only an idiot would do. I'm not looking for "How to Start a Bitcoin Exchange for Dummies", I'm looking for some guidance, and clearly you have none to offer other than "copy what other exchanges are doing". That's not helpful in the slightest, you think I haven't thought of that already?... I wasn't actually expecting any meaningful result from this thread, I was hoping I would get something meaningful out of it, but I'm not surprised I did not. It was worth the try, but whatever. Apparently no one on here has a fucking clue.

/r/Bitcoin Thread Parent