Not true. There are definitely exchanges out there that have state MSB licenses. Perhaps you're unaware of their existence. I know companies can sometimes be secretive about this stuff, but exchanges like CoinX have MSB state licenses. Check out http://coinx.com/money-transmitter-licenses for instance.
With respect to the second point, "real-product" We have a working exchange in addition to money-transfer services in the shape of coinhub.com (which goes live in a few weeks time).
"Password must be at least 8 characters and must include at least one upper case letter, one lower case letter, and one numeric digit"
even though my password meets the requirements.
Also, something seems off. There has to be a reason that you guys aren't used that isn't being acknowledged. I have never heard of anyone using your platform, ever, and when I search for images of the trading interface all I can find are stock photos of lame graphics. Seriously, what's up? There has to be a reason, right?