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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 Dec 17 '16 at 0:41
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    asking for legal advice from someone not your lawyer is always a dicey proposition. I would suggest you seek counsel. – Jimmy Song Dec 17 '16 at 0:51
  • 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 Dec 17 '16 at 1:41
  • @renlord Bitsquare works as decentralized organisation, and is not a company, so they can't be taken down I suppose. – JeremK Dec 17 '16 at 10:11
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    I'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 Nov 14 '18 at 11:42

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