Moscow's Blockchain Hackathon Reflects Booming Blockchain Industry in Russia

Moscow's Blockchain Hackathon Reflects Booming Blockchain Industry in Russia

Since Russian President Vladimir Putin expressed interest in Ethereum at his meeting with Vitalik Buterin at the World Economic Forum held in St. Petersburg, the blockchain industry in Russia has been quick to heat up. The Blockchain & Bitcoin Conference in Saint Petersburg was held in June, followed immediately by a blockchain-focused hackathon called BlockchainHack in Moscow, with 150 people in attendance competing for $100,000 worth of cryptocurrency. The hackathon took place at the Paveletsky Art Center, a massive building in downtown Moscow that has become the de facto hub for....


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Is Russia Going Soft on Bitcoin? – Paying for Phone and Internet Bills via Bitcoin Now made Available in the Country

Russia has always been referred as a bitcoin unfriendly country. However, the crypto industry is growing stronger than ever and despite the old stigma that bitcoin is only used by cyber criminals and for money laundering, the industry is still booming in the country. Since the last submission of a bitcoin ban draft law presented to the Russia’s legislative assembly, the Duma, many deemed as uncertain the future of the digital currency industry. Nevertheless, the cryptocurrency industry continues to flourish and is now introducing new solutions to payment services.

Quotes

We've been a strong supporter of Bitcoin for a number of years as it allows overseas transactions with less fees and exchange rate fluctuations.

David Brim, CEO Tomcar Australia