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Russia’s Tinkoff Investments Considering Crypto Capital Services

The brokering services platform Tinkoff Investments is exploring the crypto investment currencies. Even though Russia’s Central Bank is retaining the Tinkoff Bank from introducing such services. 

Tinkoff Investments Initial Strategy

Dmitry Panchenko, the head of Tinkoff Investments, recently interviewed the regional news agency TASS. He disclosed that the brokering service platform is currently working on the research and development of cryptocurrency-relevant services. 

However, he didn’t disclose any certain project ideas. Further, Tinkoff’s investments head expressed that they are still examining particular crypto investment services and are at the research stage. Thus, they still do not have a particular context or framework for such products.

Panchenko accepted that “brokers can’t provide these services legally” in Russia. Moreover, he clarified that Tinkoff Investments is especially considering crypto products. For example, products from the app platforms like Revolut and Robinhood and international payment giants like Paypal.

Panchenko also expressed that he has all eyes on what is happening in the world with Paypal, Robinhood, and Revolut. Crypto is evaluated around the world, but in Russia, this is not happening yet. 

Central Bank’s Tough Policy

According to Blockchain News in June, Tinkoff  Bank declared that they wished to offer Crypto trading services through Tinkoff Investments. Further, on the 3rd of June, Oliver Hughes, CEO of Tinkoff, expressed his desire to invest in Crypto in Russia. 

At the end of May, the Central Bank governor, Elvira Nabiullina, specified that digital currency was the “country’s financial system future,” hinting to the Central Bank Digital Currencies (CBDCs), not Crypto


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