Bitcoin Magazine reports that "every other major Bitcoin exchange" has been compliant for some time now with the US federal law that tripped up MtGox, and are making progress in state licensing as well ...

BitInstant: We Have Money Transmitter Licenses in 30 States

Couple links I found ... the reddit discussion has some interesting comments on the mechanics of starting a fund ...


http://www.etftrends.com/2013/04/is-a-bitcoin-etf-next/

http://www.reddit.com/r/Bitcoin/comments/19hxuv/bitcoin_etf/

https://exante.eu/products/BTC/

http://bitcoinfund.ch/

Bitcoin Magazine has a little more on the legal issues:

MtGox’s Dwolla Account Seized For Unlicensed Money Transmission

Thanks, Juan, for the analysis, and the warrant/affidavit pdf.

I'm still a little fuzzy on the details, esp. the role of Mutum Sigillum - is this the primary route used by Gox to for transfers, or the primary route for US transfers, or do other similar entities exist? Was Mutum Sigillum known to exist before the seizure?

Updates from Betabeat:

Department of Homeland Security Shuts Down Dwolla Payments to and From Mt. Gox