Its completely different idea from bitcoin or other alt coin.So if govt. regulate it then they can impose anything as they want.won't they take tax ?
Hey Sherriffin-
Thanks. We were looking for an Altcoin like this, we couldn't find one so we built bitcoinR as an experiment.
Governments can and do tax crypto. The bitcoinR network is very transparent and theoretically its movements are easily tracked. We will never sell XBR except through an AML/KYC licensed exchange and encourage our users to do the same. Thus, a government should have the ability to easily discern who buys and sells XBR and can tax them appropriately if they choose to do so.
If users are concerned about this, they should not attempt to trade XBR (or BTC or XRP).