Under orders from the country's central bank, Russian police have seized nine cryptocurrency ATMs across 22 different cities. The head of BBFpro, the company which owns the terminals, said he does not understand and plans to appeal the decision, having not received any preliminary inquiries from the prosecutor. The company had incurred economic damage and costs to its reputation, according to an attorney for the Center of Digital Rights, which defends the company. A representative of the Central Bank said the regulator performs systematic actions to determine and correct illegal financial activities, but did not comment specifically on the seizures.
Under orders from the country's central bank, Russian police have seized 22 cryptocurrency ATMs across nine different cities. The head of BBFpro, the company which owns the terminals, said he does not understand and plans to appeal the decision, having not received any preliminary inquiries from the prosecutor. The company had incurred economic damage and costs to its reputation, according to an attorney for the Center of Digital Rights, which defends the company. A representative of the Central Bank said the regulator performs systematic actions to determine and correct illegal financial activities, but did not comment specifically on the seizures.