Hi guys,

I am thinking of setting up a bitcoin exchange exclusively for Indians. Still working out the legalities of this. However, there are two options. Need your suggestions:

1. We will sell/buy BTC directly from users.
2. We will act as an exchange like MTGOX and act as an intermediary between the users.

Please point me to the right information for setting up something like this.
The idea is to make it easier to buy and sell bitcoins in India. Apparently it is easy to obtain bitcoins here but quite difficult to get rid of them.

Regards