A bitcoin exchange bureau has been opened in the Russian capital. According to local media reports, this is the only exchange office in Moscow that buys and sells cryptos for cash. Lawyers say nothing in the law forbids this type of service, and the business is legal.
The Russian authorities have not yet regulated cryptocurrencies, but the Russians are already adopting them. A new bitcoin change has been opened recently, not far from one of Moscow's main railway stations, Kursky Vokzal. According to media reports, the office is the first of its kind in the Russian capital.
In 2018, Russia may legalize the bitcoans and other types of cryptocurrency in order to combat illegal transactions, Russian Deputy Finance Minister Alexei Moiseev said in an interview with Bloomberg recently.
Observers say that demand for electronic currency in Russia is already high, and they believe that a flexible approach is required to regulate the blockchain (the database system used to store the data structure continues to grow).
In 2018, Russia may legalize the bitcoindan types of cryptocurrency (other electronic currencies) in order to combat illegal transactions