ripplefoundation / btc-gateway Goto Github PK

I started this as an issue because it appears to me that to operate this piece of software with live customers would require various permits or licenses.

Since BTC now falls under FinCen at the federal level in the USA, and therefor any money transmitting or money services business has to register in I believe at least 48 states, what are the responsibilities of an operator?

For example in California just to apply for a money transmitter license the cost is $5000, needless to say there is significant paperwork and training involved to be compliant.

There is also the concept of "agent" versus "licensee," in the sense that a convenience store can sell Western Union money-grams and functions as simply an agent.

4 cases I would like to understand, if someone with this knowledge can answer:

1. California based corporation using a gateway to transmit value into the Ripple system only using virtual currencies as defined by FinCen

2. The same as #1 but also transmitting real currencies such as Dollars, Euros

3. The same as #1 but the corporation is in Sweden (or some other EU country)

4. The same as #2 but the corporation is in Sweden (or some other EU country)

Would like some clarification on this:

This can be done by submitting the following request to the Ripple server (on the command line, in Python, etc.):

{'command':'submit','tx_json':{'TransactionType':'AccountSet','Flags':65536,'Account':MY_RIPPLE_ADDRESS,},'secret':MY_SECRET_KE

I'm not familiar with python so posting this in the browser would have the same effect?

http://s1.ripple.com:51233/{'command':'submit','tx_json':{'TransactionType':'AccountSet','Flags':65536,'Account':rM4cYPH4y41bVYKdnnhr6ddf33Muv3q5XM,},'secret':snXXXXXXXXXXXXXXXXX}

I have installed all of the pre-req's for this and also changed the variables the guide calls for in setting-examples.py and changed this to settings.py, however I'm not familiar with Django

But I seem to have some issue possibly with jsonrpc and django set up because when I click on one of the two options I get "bad request"

index.html is here: http://166.78.249.157/

the send btc link" http://166.78.249.157/%7B%%20url%20'deposit'%20%%7D

it's result:

Bad Request

Your browser sent a request that this server could not understand.