Quote from: solex on June 08, 2013, 02:19:54 AM

Quote from: MSantori on June 02, 2013, 08:14:31 PM

One of the ways that a new business can find success is doing a "rollout" by offering services to customers in foreign countries and ten or fifteen "safe states"..

Good suggestion, but I am intrigued. Which are the 10 or 15 safe states, and is there a ranking list which can be maintained publicly on this forum for BTC-trading businesses to be aware of? It might help new start-ups to get going knowing they have lower red tape hurdles in their jurisdiction.

Or, would such a list be info (professional advice) which needs paying for...?

Thanks!

Yes, such info would need paying for, but not (just) because I'm a greedy capitalist-type. It's because the question of a "safe state" is not one that can be answered generally. It is a highly fact-specific inquiry. I would need a very detailed rundown of your business model to apply each state's law to that model. For (almost) every business model, there are some states wherein that model does not trigger the licensing requirements, some states in which it might, and maybe even some states in which it certainly does.

Bitcoin businesses are new, unwieldy creatures for most states' law, and even a close analysis by a professional will yield, at best, a risk assessment. There are no absolute answers in this area of the law.