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"keep in mind with this sort of app"
i guess the main thing would be to not sell or host products or services that are against the law?
-if you yourself are a citizen of some country, regardless of where the site is hosted, you are without a doubt going to attract some attention if you have any dealings at all with narcotics, weaponry, etc etc....
keep it clean.
aside from that, you should be fine...
keep it all above board, finances, taxes, blah blah....