Russia and crypto seemed to go hand in hand. At least that was the case throughout nearly all of 2016 and 2017. Go to a Consensus crypto event and you were sure to run into Russians talking about their "projects". The initial coin offering (ICO) was a favorite of Russian developers, and -- of course -- scammers. With the ICO market pretty much dead, the crypto world in Russia is not what it used to be. It has lost its shine and its hype.