Moscow Opens its First Bitcoin Exchange

Days after Russian authorities reversed plans to penalize bitcoin use, the country’s capital has unveiled that it has opened its first digital currency exchange.
Launched in Moscow, the bitcoin exchange was opened by a team of bitcoin enthusiasts who will provide a 24/7 offline service for exchanging the digital currency, according to local news report, ForkLog.com.
Located at Novy Arbat, 8 St., the exchange currently only allows ‘one-way’ exchange where customers can sell bitcoins with the exchange carried out in private. Buying the cryptocurrency is unavailable at the exchange for now.
If it is a success, the team intends to officially register the exchange service so that they won’t face problems with authorities.

This post was published at Crypto Coins News on 17/08/2016.