Is it legal to run a crypto only btc/altcoin exchange in the US?

[mflb94]

I know a lot of bitcoin companies have been having problems with US regulations but those all had a common denominator: they also deal in fiat. If it were only dealing with cryptocurrency I think it could potentially work. And if you are knowledgeable of the subject I would appreciate it for insight, also would I need to do account verifications?

[caminilegroup]

You need to consult an accountant and lawyer. Barracks lawyers don't count.

[Gator-hex]

I don't think you can refuse to take legal tender for your goods and services.

So that's the catch-22 to your plan right there.  

https://www.google.co.uk/search?q=define+catch+22

The only way around it is to operate in international waters.

https://www.google.co.uk/search?q=seasteading

it's been going on since he Pirate radio stations of the 1960's

http://en.wikipedia.org/wiki/Principality_of_Sealand

[mapsi]

At some point youre going to cash that into fiat and thus lies the problem. A MTL should do the trick if no new regulations are passed.

[caminilegroup]

Cryptsy is based in Florida and deals only with alt-currencies - no flats.

fiat*

[Sindelar1938]

Cryptsy is a very interesting company

Any idea who the folks are behind it? US guys presumably

[asr]

I know a lot of bitcoin companies have been having problems with US regulations but those all had a common denominator: they also deal in fiat. If it were only dealing with cryptocurrency I think it could potentially work. And if you are knowledgeable of the subject I would appreciate it for insight, also would I need to do account verifications?

I don't really know if the US Government has any official stance on cryptocurrencies yet.  You might have to consult lawyers about this (although I think that they all might have differing opinions on the subject).  Also, if you would want to make sure that you can run such a site securely to protect yourself from any external attacks by hackers.