Russia’s Largest State-Owned Bank’s Cafe Accepts Bitcoin

A cafe located in Russia’s largest state-owned bank Sberbank, which has demonstrated an increasing interest in the development of Blockchain networks and cryptocurrencies, is officially accepting Bitcoin payments in Sberbank headquarters in Moscow, despite the confusion about the legality of the digital currency.
After Roskomnadzor, the Federal Service for Supervision in the Sphere of Telecom, Information Technologies and Mass Communications of Russia, banned P2P Bitcoin trading platform Localbitcoins, the legality of Bitcoin in Russia became unclear once again.
Due to the unestablished regulatory frameworks and policies for Bitcoin in Russia, companies and merchants have refrained from accepting the digital currency as a payment option, with rising concerns that the central government may impose consequences for utilizing an unlicensed and regulated form of money.

This post was published at Coin Telegraph on 2016-09-28.