Adel More, who wrote:

You will probably lose money trying to make this work, but you have an enormous advantage when running a Bitcoin-based website; you’re running a marketplace for a technology that is still a work in progress, which makes the price extremely volatile.

Bartek Szostak of the New Austrian School of Economics, agreed.

“Bitcoin is not regulated in Russia, and it is very risky to run a business in Russia, if they don’t trust the government. But I do see this as a great opportunity in the future.

“I am not sure of what is the future for Bitcoin in Russia, but it will be interesting to see for sure what happens.”

Russia could well play the role of proving Bitcoin is a technology. Bitcoin exchanges will be able to take their money out of the country, using the new exchange platforms and services.

For a few years Russia was one of the worst places for Bitcoin. If Russia takes a leading role, it will change all that.

Source

Bitcoin.com has made every attempt to contact Pavel Durov, founder of Localbitcoins (Lebit). If he has anything to say about this, we will publish it.