Bitcoin ATMs Increase in Number in Moscow, Russia
The number of bitcoin ATMs has been on the rise in Russia’s capital and the rest of the country, a press report revealed this week. There is demand for the service as it offers easy access to cryptocurrencies, although not at the best exchange rates and still amid regulatory uncertainty. More Crypto ATMs Installed in Russian Federation Despite Absence of Regulations With growing interest in cryptocurrencies, the number of devices offering automated teller services for digital assets is increasing, the Russian business daily Kommersant noted in article. Several dozen bitcoin ATMs (BATMs)....
Related News
Did you know there's a bitcoin conference happening in Moscow, Russia? Neither did we. To say the least, event organizers didn't exactly do the best of jobs promoting the event, but that's beside the point. Russian start-up CoinSpot has apparently brought one of the first bitcoin ATMs to Moscow, Russia. That's according to 'bitcoin Jesus' Roger Ver, who posted an image of the Lamassu-manufactured ATM (which is more practically a vending machine) on Twitter. As you may or may not aware, the status of crypto-currency in Russia is a bit confusing, to say the least. Earlier this year in....
On April 23, 2014, Moscow will host Russia's first conference dedicated to the electronic cryptocurrency, Bitcoin - Bitcoin Conference Russia. The show will highlight the main aspects of digital currency usage, technical issues, and the future of Bitcoin as part of the global monetary system. Bitcoin Conference Russia could not be held at a better time as alternative currency is becoming increasingly popular in the world of payments, with the number of transactions breaking records on a daily basis: at the end of 2013, the price of Bitcoin hit a record high exceeding $993 per 1 digital....
Authorities in Russia and Ukraine have closed down a number of illegal crypto mining facilities allegedly powered by stolen electricity. The underground farms have been discovered around the capital cities, Kyiv and Moscow, as well as in the Russian republic of Dagestan. Russia Busts Illegal Mining Farms in Moscow Region and Dagestan Russian law enforcement and customs agents have recently uncovered the theft of a large amount of electricity from the network operated by Rosseti in Moscow Oblast, the region adjacent to Russia’s capital. Tass broke the news about the operation this....
New machines are now coming online at a rate of nearly 1 per hour In 2013 the world saw the debut of the first-ever Bitcoin ATM when a company called Robocoin placed a machine in a Vancouver coffee shop. Allowing customers to trade Bitcoin for cash, and vice versa, the machine saw $10,000 in BTC transacted on its first day.Now that we are a month away from the end of 2020, the estimated number of crypto ATMs around the world that allow customers to buy and sell Bitcoin (BTC) and other altcoins for cash is about 11,665 ATMs, according to CoinATMRadar.This reflects a remarkable rise in the....
Russia held its first major bitcoin event in Moscow this week, Bitcoin Conference Russia, featuring a host of speakers from the local region, overseas guests, and even Russia's first bitcoin vending kiosk/ATM. "Если биткоин это деньги, тогда и бутылка водки - валюта" #bitcoinconf #bitcoin pic.twitter.com/wNsrcJ5HeT. - Bitcoin Conference (@BitcoinConfRu) April 23, 2014. There had been some confusion over whether the conference was actually going ahead, thanks to a prohibitive regulatory climate surrounding digital currency in Russia, and the earlier 'indefinite postponement' of a rival....