Goldcoin Market/ Exchange. GLD/USD

[Crypto King]

I would like to know what would be/is needed to open a Legal Goldcoin exchange where people can buy goldcoin using USD, GLD/USD

I would like to know about laws, where to operate this exchange either United states, United kingdom, Russia, South Africa, China etc....

Who could conduct/ build and operate this exchange?

What and how much funding would be needed? Could legal crowd funding be an option?

Has anyone/ any coin tried doing this before and what happened, was it successful?

I know a lot of you are going to say don't bother, its a waste of time..... the fact is I want to try and bother that's why I'm asking?

All of your information and knowledge is appreciated. Remember everything has to be Legal.

Thanks

[kelsey]

this is not the place i'd be getting any such legal advice off 

[Lauda]

Get a lawyer and ask him.
You probably won't get any real information here, or what is worse, you could get wrong information.

[Crypto King]

Yeh i can understand this is not the best place to seek advice but any input or opinions are welcome. I will look to seek professional advice when i have researched into it more.

[tokeweed]

this is not the place i'd be getting any such legal advice off 

[dreamwatcher]

Coin desk had a couple of articles about this subject:

http://www.coindesk.com/bitcoin-law-what-us-businesses-need-to-know/

http://www.coindesk.com/bitcoin-law-money-transmission-state-level-us/


According to these articles it takes money, lots of money ( 6 digits +) and time(years).

[kelsey]

tis a hell of alot safer, easier and cheaper if the fiat choice of the exchange isn't USD.

[Crypto King]

Coin desk had a couple of articles about this subject:

http://www.coindesk.com/bitcoin-law-what-us-businesses-need-to-know/

http://www.coindesk.com/bitcoin-law-money-transmission-state-level-us/


According to these articles it takes money, lots of money ( 6 digits +) and time(years).

Thanks for posting this.

[stellar1]

Coin desk had a couple of articles about this subject:

http://www.coindesk.com/bitcoin-law-what-us-businesses-need-to-know/

http://www.coindesk.com/bitcoin-law-money-transmission-state-level-us/


According to these articles it takes money, lots of money ( 6 digits +) and time(years).

Thanks for posting this.

Please remember over 95% of forex exchanges are unregulated unlike their stocks & commodity brethren. It all depends on whether GLD is accepted as a currency in the jurisdiction (including the US). If yes they will need to regulate USDEUR and other currency pairs before trying to regulate USDGLD.