Thinking about creating a new Bitcoin payment service in the UK

[ebitcoins.co.uk]

Hi, I'll try keep this short

I'm just doing a little market research here and I appreciate your input if you choose to help: I like most others have been following BTCitcoin since more or less the start.
I've done many trades on the likes of Locals and Bitbargain etc; so I'm thinking of setting up my own payment service for the trading of buying and selling from me to others and vice versa.
All legit; I will pay my taxes sigh; lol.

» Service will be available from 6am - 12pm so trading throughout the day and I will also offer a mobile contact number for other times and instant sales.[/b]

» I will include as many Payment methods I think are viable (as we know scams are frequent), mainly bank deposits and even cash in the post, but the usual big no to PayPal and CC's for obvious reasons; but PayPal will become an option for regular and trusted Users .
» Rates will be incredibly competitive as although a professional service will be offered, because of my situation profit is actually not the aim, as you can appreciate; I will need to cover my costs!
» I will limit it eventually to X amount of registered users if it kicks off, that way I can prevent scams, I hope

So I'm wondering how much interest there will be to see if its going to be worth it all the hassle!

I kept up with the likes of BitcoinFridge from when they 1st came online trading, I had exact same idea for a while but real life has restricted me until now.
I know its been done before, hence this research,
thanks in advance for your input.

And would a non newbie or Moderator kindly make this post known on regular forums, pretty please

ebitcoins.co.uk

[xypos]

Good luck with your project man.

[bryant.coleman]

Great to hear this! Have you studied the laws and regulations related to the digital currency in England?

[b!z]

I think you will need a lawyer to help you implement this legally.

[Argwai96]

for sure, i would run this by someone with a legal background to see what kind of legal/compliance hassles you are looking at and what that will add to your overhead costs.