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In the last few years, Bitcoin and other digital assets have seen significant popularity. As a result, these assets are frequently discussed in the media, which is a significant amount. While this achievement is impressive, it might be linked to the large bill runs that digital assets are presently experiencing.

For example, Ethereum recently hit a new all-time high, despite the bulls remaining in the market. Consumer interest in the market has risen due to this action, with investors and people vying for a piece of the digital asset. Tinkoff Investing, the brokerage arm of Tinkoff Bank, is exploring cryptocurrency investment options.

The study of cryptocurrency investing services is still in its early stages

The firm’s analysis follows an introductory remark by Russia’s central bank, which said that banks had been cautioned against providing services connected to that. In addition, one of the company’s executives, Dmitry Panchenko, stated that while analyzing certain initiatives related to crypto investment services, they do not currently have a framework in place.

Panchenko stated that they are still in the research phase and that they are looking at specific crypto investing services. Tinkoff Investments also stated that it would concentrate its efforts on businesses that provide such services. They named payment giant PayPal, as well as other crypto-friendly platforms like Revolut and Robinhood. Russians are exchanging assets on platforms outside the nation, according to Panchenko, who said that corporations and other investments are not permitted to provide crypto services.

Russians currently own assets worth $15 billion across the exchanges, according to Panchenko’s statement. He claims that once a person understands crypto, he goes to platforms in other countries to trade. He emphasized that trading and supplying crypto investment services should be permitted throughout the United States.

The CEO of Tinkoff is suspicious of central banks’ attitude on cryptocurrency trading

In Russia, trading cryptocurrency is illegal, but Panchenko believes the government might assess the situation and offer a regulatory framework. He also stated that if the government permits crypto investment services in the nation, his company and other platforms will gain greatly. Bank customers, according to Panchenko, are more interested in crypto investments than in crypto trading.

Nobody is authorized to pay for products or services using cryptocurrency under the country’s Digital Financial Assets legislation. This announcement comes exactly one month after Tinkoff CEO Oliver Hughes said that his business would no longer provide trading services owing to a government order. Hughes believes that the country’s central bank’s attitude will hinder the supply of crypto investing services.

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