So you filed the FINCEN application but you have not become a Money Transmitter in any state, correct?
Tangible Cryptography is registered as a MSB with FinCEN it is not registered as a Money Transmitter in any state. No state entity as of yet defines the exchange of virtual currency as Money Transmission. It may only be a matter of time but that time has not arrived yet.
I was told that if your profits are in BTC your not acting as a money transmitter??...