software cryptocurrency securities
Can my bot trade crypto for others?
<p>Is it legal if someone gives me their API key for phemex, with the intention that my bot ( which predicts and can trade each minute ) will trade for them?</p>
<p>Alternatively, if I license software which runs on their computer, is that more legal?</p>
<p>If the software runs on a computer in another country's jurisdiction, is that legal? ( I would be controlling it from the USA)</p>
<p>Thanks!</p>

<p>If you are seriously considering that as a business model, hire a specialist lawyer in your jurisdiction. You will need him or her.</p>
<ul>
<li>Usually, selling or licensing software would make the customer responsible for operating it lawfully. The programmer/vendor could still be held responsible if using it is illegal and there is a conspiracy, or if the software is considered export-restricted cryptography, or whatever.</li>
<li>Running the software on your own servers might be considered providing financial services without the required permits.</li>
<li>You could also be violating money-laundering laws if you handle your customers' cryptocurrency without proper permits and reporting. (If <em>your</em> program takes <em>their</em> API key, can a prosecutor claim that you are handling their money?)</li>
<li>Hosting it abroad could make it less legal for the reasons above.</li>
<li>Somebody (you or your customer) might be violating the TOS of the trading site.</li>
</ul>
<p>As you can see, many &quot;if&quot; and &quot;could&quot; in there. <strong>Either</strong> forget it, <strong>or</strong> pay some real money to get expert advice. Also about liability if your software guesses wrong.</p>
