Despite the absence of a legal framework to validate the cryptocurrency dealings in Russia, the country has been reported to have at least 52 operating Bitcoin ATM/Teller Machines. According to the data on the leading Bitcoin ATM tracking site, CoinATMRadar, the capital city of Moscow holds the highest number of BATMS at 9 followed by 5 devices in Omsk and Rostov-on-Don among other points of purchases.
CoinATMRadar, a Twitter user tweeted:
”Over 50 Bitcoin ATMs Operate Legally in Russia, Study Finds.”
Another Twitter user DagoBit commented:
“Oh..50? In whole Russia? This is mass adoption!! ”
These established BATMs are legal in nature and have all the major cryptocurrencies like Bitcoin [BTC], Bitcoin Cash [BCH], Ethereum [ETH], Litecoin [LTC], Monero, Zcash, Dogecoin and Dash in its system, enabling the users to trade fiat currency with the virtual money.
The exchange rates can be viewed in Russian Rubble, US Dollar, Indian National Rupee [INR], etc., among other fiat…
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