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.
We cannot say if Russia is or is not in favor of legalizing the crypto currencies .That will remain a mystery until some government official makes some statement regarding its position in their country . The new exchange will not be determining this fact as people are allowed to make exchanges if there is no law against its making . The real thing will be identified when the exchange will be noticed by the government and when some action ( positive or negative) will be taken in its direction.