I've been holding on to a few Bitcoins I've bought from coinbase for a couple months now, and wanted to invest in other crypto coins by using coin exchanges.
Do I need to be registered with my state and FinCen to use exchanges like Cryptsy and similar services. I want to pay taxes and follow the legal procedures.

The FinCen Law is confusing, Im just an investor, I don't do any mining or anything of that nature.
Just a little speculating with bitcoin but would like to trade in other alt coins legally.

Can any one provide some help?