Well, technically there is no 'exchange' going on, since all the assets are on the same chain... Their definitions of 'exchange' or 'virtual currency' are (and will be) whatever they say it is.
edit: depends on what their definition of virtual currency is
They will open end it, or just demonize you and create your "guilt", at all costs. The government is a cat in a corner right now, it will do whatever it has to, to save itself. Vicious.
This is one reason why I am not
so excited about any direct fiat onramps to us. We can utilize centralized exchanges FOR NOW to get fiat into our platform. Once the system collapses (this year will be VERY ugly for all fiat markets), centralized exchanges and fiat won't even be desired anymore.
There's TONS of ways to get bitcoin right now and more than enough ways to get that bitcoin into BitShares. You guys know as well as I do, it's not that hard.
Once in crypto, always in crypto. Avoid the f*ckers. Render the fiat'ers obsolete, don't try to onramp with them as a kneejerk to our currently low cap and price.
This is just my opinion
. There's tons of other things we can be doing right now to onramp people.