Russian police officers have seized more than 20 cryptocurrency ATMs, owned and operated by the company BBFpro, from trade centers, restaurants, and shops across the country, local media reported on Saturday. The reason for the seizure is unknown, but BBFpro said that authorities want to know what the working system of the ATMs is and how the company operates these machines.
BBFpro will appeal the confiscation and will claim reputation and economic damages, the company’s legal representative Sarkis Darbinyan said. The firm has 22 Bitcoin (BTC) ATMs in nine Russian cities including in one of the 2018 FIFA World Cup hosting places Rostov-on-Don. All machines were seized on Friday. The authorities will conduct an analysis of the ATMs’ working systems, the BBFpro exchange rate calculations, and the customer identification...
This article appeared first on Cryptovest