Note from the Publisher: Russia is all over the board when it comes to Bitcoin. The government previously signaled its concern with the cryptocrrency and threatened to declare it illegal, but back in late September we published a piece entiteld Russian Bitcon Comedy, which featured a story that the coffee shop in the lobby of the country’s biggest bank accepted bitcoin. We thought that was hilarious. So now we’ve learned that later this week a major Bitcoin and Blockchain conference will be held in Moscow, with some major hitters sponsoring. Looks like it’s turning legit after all.
“On Nov. 10, representatives of IBM, Microsoft, QIWI and Sberbank will gather in Moscow to discuss challenges related to the digitizing of the FinTech sector and its transition to Blockchain.
Representatives of IT, financial system and entrepreneurship will learn more about operational Blockchain projects in Russia and abroad.
There are many reasons to attend the annual Blockchain & Bitcoin Conference Russia in 2016, including cases of implementing public and private Blockchains in banking, logistics, real estate and media, as well as issues connected with cryptocurrency regulation.
Bitcoin and Blockchain have yet to be legally defined in 2016 – corresponding draft was not reviewed by the State Duma, and has yet to be revised by the Ministry of Finance – but authorities claim that there are no plans to introduce criminal responsibility for Bitcoin transactions. Meanwhile, a parliamentary working group has been created, with the purpose of developing the concept of national cryptocurrency.”