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Russia’s Tinkoff Investments explores crypto projects despite restrictions
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ambcrypto.comOn the back of strong investment demand, Russia’s Tinkoff Investments is exploring crypto-related projects, according to local reports. It is seen as a major development as Tinkoff Investments is a brokerage arm of one of Moscow’s largest online banks, Tinkoff.
However, the director of Tinkoff Investments, Dmitry Panchenko, acknowledged that “brokers cannot offer this service by law.” But, they are potentially setting the stage for research and development in terms of possible approaches, he said, adding,
“We are looking at what is happening in the world with Robinhood, Revolut, PayPal. We see this evolution, but in Russia, this is not happening yet.” (sic)
Earlier this year, Russia gave legal definition to cryptocurrency under its Digital
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