Been away for a while. I am confused. Why do ppl want a btc refund? Take cash and buy more btc than you had before. Hasn't spot been mostly $800-1000 during most of the Neptune pre-order period?
When BTC turn into cash its a taxable event.
When more than $10k gets transferred into your account in the U.S. it fires off a red flag to the IRS
That is why KNC should refund back in the form it was paid in. But they are doing the opposite so that they can have credit for refunding in fiat. The more they have in BTC and the less they have in fiat the better they are too (less taxable events)