yep we're the first bitcoin bank... now I am not sure where to find the legal documents in Washington surrounding a bitcoin bank. Honestly if you can find that let me know.
Well you can be a federally chartered bank, or a state chartered bank. It costs millions in capital either way.
So...you're saying you're just going to avoid handling dollars and other 'real money' to avoid all that? Do you have lawyers? I can't believe they'd tell you to just wing it. Even if bitcoin is not legally money, it is probably something like a security.
I'm not a lawyer, but you don't even seem to have a legal disclaimer anywhere about you not legally being an actual bank, unless I'm missing that link.