Russia Gains Bitlish Bitcoin ATM in St. Petersburg First
A rare addition to Russia’s Bitcoin ATM count has appeared in the country’s second city of St. Petersburg. The machine, operated by cryptocurrency exchange Bitlish, provides Bitcoin, Ethereum, Litecoin and Zcash purchasing facilities with an automatically-updating exchange rate. The machine can be found in a shopping center at Sredny Prospekt V.O. 36, located on the city’s Vasilevsky Island. The installation is likely a result of Bitlish’s push for more ATMs in Russia, which due to legal concerns has hosted only a couple of machines. The exchange demonstrated its fleet of ATMs at a recent....
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Contrary to fears that Russia's hostility toward Bitcoin would inhibit its growth and adoption, the St Petersburg Bitcoin Conference will take place on December 4th, 2014. The St Petersburg Bitcoin Conference is spurred on by the success of last fall's Cryptoforum Conference also held in St Petersburg. The event will host some of the brightest industry minds, experts, and thought-leaders from the world of cryptocurrency as well as legal and foreign experts, who will share their vision of cryptocurrency's development in Russia and the world on December. The St Petersburg Bitcoin Conference....
The CoinTelegraph's Russian-based correspondent got a chance to catch up with some high-ranking Russian officials at the St. Petersburg International Economic Forum to get their thoughts on Bitcoin and the prospects of cryptocurrencies in the world’s largest nation. Every summer, thousands flock to the Russia’s northern capital of Saint Petersburg to witness the famous ‘white nights.’ During this time, the city also hosts the annual conference dedicated to economic and business issues - the Saint Petersburg International Economic Forum (SPIEF). Over 5,000 political and business leaders,....
Russia has reportedly announced that U.S. dollar assets will be removed from its National Wealth Fund as U.S. sanctions on Moscow intensify. The fund, which currently totals about $600.9 billion, forms part of Russia’s gold and currency reserves. Russia Steps up De-Dollarization Efforts Russia’s finance minister, Anton Siluanov, announced at the St. Petersburg International Economic Forum on Thursday that dollar assets will be removed from the National Wealth Fund (NWF) altogether as Washington continues to impose sanctions on Moscow. According to a translation by Reuters, he....