World Economy

Bitcoin in Moscow

Bitcoin in MoscowBitcoin in Moscow

While Russian authorities are still trying to define the legal status of bitcoin, the virtual currency has found use in Moscow in the lobby of the country’s biggest bank, Bloomberg reported. A coffee stand at the headquarters of state-owned Sberbank is one of the first Moscow vendors to take bitcoin, allowing clients to buy espresso and croissants with the crypto-currency, even as some Russian regulators threaten to ban its use. Russia is late to the bitcoin party, still debating its legality even as one of the people who helped popularize the digital currency globally says the software that it relies on is too rigid to gain wide adoption.