Give me feedback on my business idea

I'm making a no-kyc crypto exchange via Telegram and Discord bot. Essentially how it works is you send cash to a PayPal.me link, and the bot sends you the cryptocurrency you select. Obviously the main problem right now is legality because I have no licensing or KYC, so my main questions are:

- How should I go about cloaking the PayPal.me link, and what other payment processors should I add besides PayPal and CashApp? I was thinking about amazon gift card, and cash by mail, and some sort of credit/debit card gateway.
- How should I deal with legality? I feel like right now we're in a legal "grey-area".

Right now the bot itself is fully functional

laundrymachine said:

- How should I deal with legality? I feel like right now we're in a legal "grey-area".

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You should rephase that to be illegal "grey-area" its more accurate. The transfer of cash via exchanges is highly regulated in most countries so people don't scammed in money laundering schemes. Hold on... your username? lol

Panther28 said:

You should rephase that to be illegal "grey-area" its more accurate. The transfer of cash via exchanges is highly regulated in most countries so people don't scammed in money laundering schemes. Hold on... your username? lol

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the username is not intentional I swear lol. But I already put so much effort and money into building it so I feel like I can't jump ship now - I mean so many people sell reps, and IPTV, even though I'm dealing with the SEC I feel like this isn't as different right?

laundrymachine said:

Obviously the main problem right now is legality because I have no licensing or KYC

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I think this is all a temporary solution. Sooner or later this scheme will stop working. We need to be prepared for that. Just like any other business.

Sounds like a risky venture and also interesting... Legality issues could snowball fast without proper licensing.

The username might not be helping your case! Just kiddin' mate.

Good luck on this project.