I don't think they need to address any of the Fincen or MSB regulatory issues.
From their press release:
...to provide an advanced exchange for the trading of digital currencies.
I've noodled around some on their site, and while Litecoin is mentioned specifically, I see no mention of USD or any other national currency.
It looks to me like they're just going to try and get every internet/virtual currency under one roof, and trade them against each other.
ya not sure what to make of it.
they say they will allow shorting!
I'm going to short the shit out of LTC and other buttcoins