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I want to make an App in the US which would help bitcoin sellers to find buyers for cash in a local area. The app would not hold any bitcoin fund, it would only serve as a tool for buyers/sellers to meet each other, and do some transaction broadcasting/verifying.
Also, I want to monetize the application, by enforcing the users to pay a fee in order for the transaction to go through. All of this without holding any funds, thanks to P2SH transactions. I would like to know if this model of application has to comply with AML/KYC rules, or if the users can stay anonymous.
checkout bitsquare.io – renlord – 2016-12-17T00:41:18.890
2asking for legal advice from someone not your lawyer is always a dicey proposition. I would suggest you seek counsel. – Jimmy Song – 2016-12-17T00:51:23.807
Every country in the world has its own laws (as do states within countries, etc). You are effectively asking several hundred different questions here. Can you narrow it down? – Nate Eldredge – 2016-12-17T01:41:26.263
@renlord Bitsquare works as decentralized organisation, and is not a company, so they can't be taken down I suppose. – JeremK – 2016-12-17T10:11:21.463
@JimmySong Thanks, I will try to find someone with some knowledge about the subject. – JeremK – 2016-12-17T10:13:36.827
@NateEldredge Indeed thanks. I don't know why I used NYK. – JeremK – 2016-12-19T12:57:24.770
4I'm voting to close this question as off-topic because it appears to be primarily a question about which laws apply to financial middlemen – RedGrittyBrick – 2018-11-14T11:42:00.137