Bitcoin Exchange Counter Launched in Russia
A new physical Bitcoin exchange in Moscow allows people to sell bitcoin for ruble round the clock. Read more…
Russia recently took a far more liberal approach towards Bitcoin than expected. Last week, the Russian government decided not to introduce criminal liability towards mining and usage of the digital currency.
Following the government’s move, the cryptocurrency community in the country has started to come up with novel ways of promoting the use of Bitcoin. Few Russian media outlets have picked up the news about an offline Bitcoin exchange that has opened in Moscow’s Novy Arbat Street 8.
Unlike online Bitcoin exchanges and Bitcoin ATMs, this Russian Bitcoin exchange is an office. Open 24 hours, people can drop in anytime to sell their digital currency for Russian ruble. The whole process works just like a forex counter at the airports and train stations.
This post was published at NewsBTC on 1:00 pm August 17, 201.