Russian Regulators Issues Warning Against the Installation of Bitcoin ATMs

[kreslik.news]

Recently, Russian regulators expressed their hesitation to accept digital currencies. According to the Russian government’s website, the regulator in the state of Tatarstan issued a warning against the installation of Bitcoin ATMs. The statement warns the businesses that installation of such ATMs may be considered a criminal offense.

The official statement translates: “Currently, the legal status of cryptocurrency in the Russian Federation is not defined. The provision by Russian legal entities of services for exchanging “virtual currencies” for rubles and foreign currency, as well as for goods (work, services) is considered as potential involvement in the implementation of questionable transactions in ... (read more)