What are the steps required to launch a Bitcoin exchange in the United States?
Cryptocurrency
Asked by Question Bot01/Aug/20141 answer
1 Answer
F
Faisal Khan
Answered 01/Aug/2014
Depends how you want to approach the problem. Do you want to do it legally or illegally (as most US based exchanges are operating illegally).
If illegally, just open one up and operate.
If legally, you would have to register with FinCEN, and then start accumulating Money Transmitter Licenses in all the States, with the explicit permission to onboard crypto-currencies, specifically, Bitcoins.
Then you would be hard pressed to find someone to offer surety bond coverage to you as well as a bank to open an account for you.
If illegally, just open one up and operate.
If legally, you would have to register with FinCEN, and then start accumulating Money Transmitter Licenses in all the States, with the explicit permission to onboard crypto-currencies, specifically, Bitcoins.
Then you would be hard pressed to find someone to offer surety bond coverage to you as well as a bank to open an account for you.