We believe in the need for consumer protection and governmental alignment.
Historically, the purpose of governing cryptocurrencies as Decentralized Autonomous Organizations (DAOs) is arguably to avoid regulation by government entities. As an unintended consequence, de facto regulation emerges as the wishes of the majority holders of any cryptocurrency impose their will upon the developers and the codebase.
bitcoinR will self-select into government regulation in the United States of America. We opted to become regulated in the largest capital market on the planet as a means to encourage participation with and faith in the bitcoinR network and associated XBR digital currency.
We expect this to encourage enthusiastic participation by individual citizens as well as regulated entities such as banks, financial services firms and insurance companies.