Despite the current crypto landscape in Russia, Tinkoff Investments wants to offer digital asset services to its clients.
Tinkoff Investments, the online brokerage portal of Russian bank Tinkpff, may turn to the digital asset industry due to the increasing demand from customers. The bank’s director, Dmitry Panshenko, said the idea is still in its early stages due to the lack of crypto-friendly legislation in Russia.
Panshenko emphasized that the industry is very new and said that he wishes for a different landscape in the country regarding the issue.
“We look at what’s happening around the world and what’s happening at Robinhood, Revolut and PayPal. We’re seeing this evolution, but it’s not happening in Russia right now.”
According to the director, the volume of Russian assets in crypto-asset trading platforms is over $ 15 billion. This reveals that the Russians have a high appetite for crypto even if they are abroad.
“Somehow people buy from abroad. Potentially, it would be correct to run this service within Russia. At the moment this is not legally possible, but the issue needs to be further investigated and discussed.”
