In Brief:
- Tinkoff Investment is exploring crypto related projects.
- Pachenko estimated the volume of Russian assets on crypto exchange exceeded $15 billion.
Russia’s second largest investment platform, Tinkoff Investments, is exploring crypto related projects.
“Tinkoff Investments is potentially considering a project in the field of crypto assets, but it is too early to discuss specific ideas,” said Dmitry Panchenko, director of Tinkoff Investments.
Moreover, the director Pachenko, acknowledged that brokers cannot offer this service by law. The market is at the position of research and development in terms of tools, some new business ideas.
“We are looking at what is in the world at what is happening in Robinhood, Revolut, PayPal. We see this evolution, but in Russia, this is not happening yet,” Pachenko said.
“According to the independent estimates, the volume of Russian assets on crypto exchanges exceeds $15 billion,” Panchenko added, speaking at the Ural conference of NAUFOR.
“One way or another, people receive and receive outside the country. Potentially, it would be correct to carry out this service in the Russian field. So far, this is not possible legally, but the topic needs to be discussed and studied more deeply,” Panchenko explained.
The top bank manager also added that interests of brokers to make crypto available to investors along with Stocks, bonds, and other investment instruments.
Additionally, The Tinkoff may be looking for elective ways to invest in digital assets, Pamchenko added.
“We see demand for investment purposes- not for the purpose of using it as a means of payment or a means of transporting assets, but as an investment instrument for investment and potential profit,” Panchenko summed up.
Recently, The head of RACIB, Yury Pripachin said that the Russian government has done nothing for crypto regulation over the past 4 years. The head argued that current Russian crypto regulations are nothing, “they are still half-hearted.”
