Bear in mind this guy has spent a fortune and has been severely screwed over by regulators, while dozens of startups operate in the clear with similar services. He could probably get over the hurdles with funding, but who's going to put his feet into this mess? I'd be freaking out too.

Makes me wonder, if had he operated under the radar for a while, and gradually complied with newly imposed regulations, things would be ok. Even if he got a massive fine, that'd be good publicity, and he must be spending a ton on lawyers anyway.