The 24/7 offline service for exchanging bitcoins to rubles has been launched in Moscow by a team of cryptocurrency enthusiasts. 

The office is located at Novy Arbat, 8 St. At the moment, customers can only sell bitcoins. Buying cryptocurrency is not possible at this exchange by now.  All the transactions will be conducted privately, reports Bankir.ru

The service owners have previously only worked with the cryptocurrency at LocalBitcoins exchange under the name BTC24pro.

If all goes well, the team plans to officially register the offline exchange service in order to avoid problems with the law-enforcement authorities.

The exchange office is open twenty-four-hour. Its clients can perform cash and cashless payments for bitcoin transactions. During the day the transaction fee is 4% from the BTC-e exchange rate and in the night time, it is increased to 10%.

The initiative comes a few day after the reports that Russian authorities abandoned the idea of criminalising operations with cryptocurrency and the draft law on “surrogate money” was returned for revision to the Ministry of Finance.

Lena Gabdullina