If you were to do this, you&#x27;d be violating multiple federal laws and regulations.<p>You have basically created a stored value and money transmitter business without the proper license. In addition, you&#x27;ve created a conduit for criminals to launder money.<p>See:<p>* Liberty Reserve -
<a href="https:&#x2F;&#x2F;www.justice.gov&#x2F;opa&#x2F;pr&#x2F;founder-liberty-reserve-pleads-guilty-laundering-more-250-million-through-his-digital" rel="nofollow">https:&#x2F;&#x2F;www.justice.gov&#x2F;opa&#x2F;pr&#x2F;founder-liberty-reserve-plead...</a><p>* Ripple - <a href="http:&#x2F;&#x2F;www.americanbanker.com&#x2F;news&#x2F;bank-technology&#x2F;fincen-fines-ripple-labs-over-aml-says-firm-enhancing-protocol-1074173-1.html" rel="nofollow">http:&#x2F;&#x2F;www.americanbanker.com&#x2F;news&#x2F;bank-technology&#x2F;fincen-fi...</a><p>* FinCen MSB fines list - <a href="https:&#x2F;&#x2F;www.fincen.gov&#x2F;news_room&#x2F;ea&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.fincen.gov&#x2F;news_room&#x2F;ea&#x2F;</a><p>Disrupting finance is hard for a reason.