of course there are legal and regulatory questions too... be careful and educate yourself... but i have seen tell of localbitcoin alternatives... never really checked any out though... localbitcoins aint broke so why try and fix it?
I wouldn't consider it unless you can afford the advice of legal experts who specialize in anti money laundering law. There are serious penalties for setting up any money transmitter business without complying with all applicable laws. That's why local bitcoins enforces submission of KYC documents for all customers doing business there except those doing face to face swaps.