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.
Russia has always been pretty much open to cryptocurrencies. But this selling and exchanging it for cash really looks pretty gross and senseless to me. This will surely promote black money in the state and it will not be too long before government will make an action over it. In a world now where even buying selling shares and securities is not legal how can one talk legality about selling cryptos for cash. This isn't any sign of adoption of cryptocurrencies but is merely a publicity stunt which will looked forward by officials soon.