BTW I have been trying to find a country where an exchange can be hosted that does not cow to fincen but have not as of yet found a list. I had thought The Isle of Mann was one but apparently not after reading this. Boring ass read, skip all the agreed upon terms.
Basically no such country exists, not any more. Singapore and Hong Kong were the last holdouts I knew of and they're towing the line now too. Andorra, Monaco, wherever.