Hello Everyone,

I would like to start a side-job as an advisor for all things related to crypto/digital currencies and other decentralised networks.  I would teach people how Bitcoin works, how to get set up with a good wallet, where they can buy things using digital currency, etc, etc, etc.

My question is, what kind of licence might be required to do this?  To get somebody started with their first Bitcoin I might have to help them to exchange some money on a Bitcoin exchange, or do the first part on their behalf, but this might mean that I would be acting as a money transmitter (or something along those lines).  What regulations would I be subject to in the UK?

Also, what are the liability issues?  If one of my customers were to make a mistake and lose their Bitcoin, then could they blame me or sue me or claim that I gave them bad advice?  Is it altogether too risky a venture or are there safeguards in place for advisors?

I would like to provide this service to people (at a fee) to help educate the masses about the proper way to use and secure digital currencies, I think I could help a lot of people with this in future.