Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XBR] bitcoinR (bitcoinr.org) | Quantitatively-Flexible Reserve Currency
by
fancywarlock
on 20/05/2020, 22:26:52 UTC
is there any country restriction.those country who have banned crypto could they(country's people)
 invest in it?

Hi PARIVEENN,

This is a bit of a loaded question, so I'll preface my answer with the disclaimer that my response is not legal advice.

With that said, if a country has banned crypto then I imagine the citizens of that country cannot purchase or mine XBR since XBR is a cryptocurrency and they are ostensibly citizens of a country in which cryptocurrency is banned.  Either way, if they somehow purchase XBR from an AML/KYC exchange, they will necessarily need to divulge their identity and contact information.  So, at best, it seems very risky for a person in a country that has banned crypto to attempt to acquire XBR or any other crypto like XRP, ETH or BTC.

NS