RATE Group | The Black Cryptocurrency Market is Booming in Russia
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The Black Cryptocurrency Market is Booming in Russia

13 Sep The Black Cryptocurrency Market is Booming in Russia

Posted at 04:53h in Cryptocurrency News by

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While Russian authorities struggle to define cryptocurrency and decide whether to ban it, regulate it or just ignore it, people buy and sell Bitcoins and other digital money on the black cryptocurrency market to the tune of millions of dollars on a daily basis.

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Cryptocurrency trading is not considered to be illegal, but the process is not regulated in any way: the law neither allows nor forbids buying cryptocurrency or using it or pay for goods and services, or changing it for rubles and vice versa. That’s why it is sometimes wild and mindblowing, the Russian media outlet Vedomosti reports.

If you have extra liquidity and you want to change it for cryptocurrency, you have quite a few options, including peer-to-peer platforms and marketplaces that connect buyers and sellers keep things private and anonymous, street cryptocurrency exchanges and backstairs places from spy movies.

  1. P2P exchange platforms

The most popular P2P platform for cryptocurrency trading is Helsinki-based…

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