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Stop worrying about the financial and regulatory know how and just try out your idea. You might find it goes nowhere and you will have wasted your time thinking about "regulations". No one is going to shut down your website making 10$ a month and if you do start to grow then you will be able to pay the right people to deal with the right problems.

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With all the recent hacking of Bitcoin services, maybe it's this kind of thinking which is causing more problems.

I don't think regulation helped any of the banks with high profile credit card hacks recently. Don't confuse regulation with security. Regulation is not necessarily in place to provide security for the end user, only barriers to entry. Once you do start to grow obviously the correct precautions should be taken.

"Stop worrying about the financial and regulatory know how and just try out your idea."

Internet Libertopia!

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