On Thursday, 22nd June, St. Petersburg hosted a large conference dedicated to blockchain and cryptocurrencies – Blockchain & Bitcoin Conference St. Petersburg. The event tickets to which were sold out one week prior to the end of registration featured 18 speakers from Russia and other countries. They focused on blockchain development in banking, regulation issues as well as a popular topic – ICO realization by blockchain startups.

Over half a thousand people took part in a conference and a demo zone.

What were speakers talking about?

Artem Tolkachev, the director at Deloitte CIS, dedicated his presentation to the world practice of technology regulations related to blockchain. He believes that ICO’s popularity will disappear maximum in a year because law doesn’t protect investors and startups raising money have no obligations. Investors need protection from “sheer lunacy” which is, actually, ICO, claims the jurist.