Russia Hosts First International and All Russian Bitcoin Conference in St. Petersburg

Russia Hosts First International and All Russian Bitcoin Conference in St. Petersburg

The beginning of 2014 looked anything but bright for Bitcoin and cryptocoins in general. The Chinese had justissued a ban on cryptocurrencies with its banks and Mt. Gox losses were beginning to add up. But on 27 January, 2014 the news seemed bleak indeed. The Bank of Russia released a statement that Bitcoin was considered a money substitute and that exchanging money substitutes for official currency would be considered suspicious. But since that time the Kremlin seems to have relaxed its stance somewhat and now the First International & All-Russian Conference will be held in St. Petersburg....


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