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.
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.
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.
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