I want to build a LEGAL virtual currency exchanger, which includes my own virtual currency as well like a token... i can easily create this but it has a bad rep in terms of legality (e-gold, Liberty Reserves)
You say LEGAL , without the aid of government you cant tag any currency LEGAL.You should try getting it into altcoin industry.
I want the format to be like this...
BTC > Token > credit card or bank.
It will help easier to cash out your BTC to your card it's fraud proof but it screams money laundering.
so i don't know any suggestions? i like the idea of virtual currency exchanger big fan but it has such a bad rep honestly.
Yes it will be next to money laundering , may be Banks will freeze the amount and your customers will suffer. I will not suggest you to start any of such stuffs in which banks are involved instead you could try altcoin and remain trade in virtual currency as it will protect you and let you be anonymous.
PS: the topic doesnot belong to currency exchange section.