Bitcoin Gift Card is the key term for exchanging Bitcoins for Gift Cards and vice verse. (coinstaker.com)
The company says it has been in touch with government officials and also follows compliance procedures, but does not exchange bitcoin into local currency directly as part of its service. (coindesk.com)
In fact, most centralized exchanges have been allowing users to exchange bitcoin with other digital currencies and vice versa. (globalcoinreport.com)