<p>I want to make an App in the US which would help bitcoin sellers to find buyers for cash in a local area. The app would not hold any bitcoin fund, it would only serve as a tool for buyers/sellers to meet each other, and do some transaction broadcasting/verifying.</p>

<p>Also, I want to monetize the application, by enforcing the users to pay a fee in order for the transaction to go through. All of this without holding any funds, thanks to P2SH transactions. I would like to know if this model of application has to comply with AML/KYC rules, or if the users can stay anonymous.</p>

CC BY-SA 3.0
2016-12-17T00:41:18.890Z
checkout bitsquare.io
rny
CC BY-SA 3.0
2016-12-17T00:51:23.807Z
asking for legal advice from someone not your lawyer is always a dicey proposition. I would suggest you seek counsel.
Jimmy Song
CC BY-SA 3.0
2016-12-17T01:41:26.263Z
Every country in the world has its own laws (as do states within countries, etc).  You are effectively asking several hundred different questions here.  Can you narrow it down?
Nate Eldredge
CC BY-SA 3.0
2016-12-17T10:11:21.463Z
@renlord Bitsquare works as decentralized organisation, and is not a company, so they can't be taken down I suppose.
JeremK
CC BY-SA 3.0
2016-12-17T10:13:36.827Z
@JimmySong Thanks, I will try to find someone with some knowledge about the subject.
JeremK
CC BY-SA 3.0
2016-12-19T12:57:24.770Z
@NateEldredge Indeed thanks. I don't know why I used NYK.
JeremK
CC BY-SA 4.0
2018-11-14T11:42:00.137Z
I'm voting to close this question as off-topic because it appears to be primarily a question about which laws apply to financial middlemen
RedGrittyBrick
<legal><cash><local>
What is the legal status of a p2p fee taking App for matching bitcoin sellers/buyers?
JeremK
# What is the legal status of a p2p fee taking App for matching bitcoin sellers/buyers?

(Asked by: username_0 on 2016-12-16)

I want to make an App in the US which would help bitcoin sellers to find buyers for cash in a local area. The app would not hold any bitcoin fund, it would only serve as a tool for buyers/sellers to meet each other, and do some transaction broadcasting/verifying.

Also, I want to monetize the application, by enforcing the users to pay a fee in order for the transaction to go through. All of this without holding any funds, thanks to P2SH transactions. I would like to know if this model of application has to comply with AML/KYC rules, or if the users can stay anonymous.

**Tags:** legal, cash, local

> **Comments:**
> **username_1**: checkout bitsquare.io  
> **username_2**: asking for legal advice from someone not your lawyer is always a dicey proposition. I would suggest you seek counsel.  
> **username_3**: Every country in the world has its own laws (as do states within countries, etc).  You are effectively asking several hundred different questions here.  Can you narrow it down?  
> **username_0**: @renlord Bitsquare works as decentralized organisation, and is not a company, so they can't be taken down I suppose.  
> **username_0**: @username_2 Thanks, I will try to find someone with some knowledge about the subject.  
> **username_0**: @username_3 Indeed thanks. I don't know why I used NYK.  
> **username_4**: I'm voting to close this question as off-topic because it appears to be primarily a question about which laws apply to financial middlemen  

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## 0 answers

