Russians are Swapping Cryptocurrencies for Cash in Street Exchange Offices

Russians are exchanging cryptocurrencies for fiat currency directly on the streets. The editors of BeInCrypto conducted talks with representatives of street exchange offices to find out how they work and how transactions are conducted. At the time of writing, the end of this restriction is set at March 9, 2023. In the Russian Federation, restrictions on cash withdrawals have been in force since March 9, 2022. The central bank stopped Russians from withdrawing more than $10,000 or the equivalent in euros. At the same time, this was only possible if the money had been deposited in the account before March 9, 2022. At the time of writing, the end of this restriction is set at March 9, 2023.