If you focus on a stock market, the software will work for currencies as
well. The code is identical. See my attachment.
In Texas, a stock exchange license is $10,000. A currency exchange license
is $5,000. There are net worth requirements and background checks, but it
is as simple as applying for a license.
Incorporate in Texas.
Raise some capital for ownership.
Apply for the licenses.
It's that easy.
Andrew B. Brown
(512) 947-8282
http://KidsCourtyard.com
On Wed, Nov 9, 2016 at 2:59 PM, Tony Arcieri <bascule@gmail.com> wrote:
> On Wed, Nov 9, 2016 at 11:42 AM, Andrew Bransford Brown <
> andrewbb@gmail.com> wrote:
>
>> I'd suggest a State exchange to avoid SEC regulations while building the
>> market. Once you cross state lines, then pass the SEC regs.
>>
>
> It's a little more complicated than that. Individual states within the US
> have their own money transmitter laws, which often apply to money transfers
> within the state in addition to transfers between states or countries.
>
> Setting up a test network with a fake currency that has no actual value
> sounds ok, but if you are moving real money, even within a single state
> (state laws providing), you'll want to have a money transmitter license
> before you do so. For transmitting money between states, you'll need
> licenses for every state you plan on operating in.
>
> --
> Tony Arcieri
>
