RATE Group | Moscow cryptocurrency ’boutique’ in legal grey area, Banking & Finance
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Moscow cryptocurrency ’boutique’ in legal grey area, Banking & Finance

23 Oct Moscow cryptocurrency ’boutique’ in legal grey area, Banking & Finance

Posted at 06:12h in Cryptocurrency News by

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Tue, Oct 23, 2018 – 12:06 PM

[MOSCOW] First you ring, then push through heavy doors past a suspicious security guard before arriving at Moscow’s pioneering cryptocurrency store – a physical portal to the virtual realm of bitcoin.

Russia has been at the forefront of the cryptocurrency revolution and the ultra-modern “DeeCrypto” shop, spread across two floors in central Moscow, attempts to navigate the legal grey area around the innovation in the country.

“Clients come to us and say, ‘I want bitcoin but I don’t know what it is’,” said founder Denis Onatsik.

“Here it’s a bit like the Apple Store, we explain to them that they can buy the equipment to make it themselves or even come to install their own ‘farm'”.

Screens mounted on white walls allow visitors to follow in real time the value fluctuations of currencies such as bitcoin and ethereum and allow them to decide which to invest in.

Display cases line the room, holding gadgets like “virtual currency wallets” as well as…

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