Central Bank Is Preventing Bitcoin Investment in Russia: Tinkoff Bank CEO

[Jaya60]

The Russian central bank’s firm opposition to cryptocurrencies stands in the way of crypto investments, said the CEO of Tinkoff Bank.Russian “investors who know what they’re doing” are eager to invest in Bitcoin, said Oliver Hughes, CEO of digital bank Tinkoff. Unfortunately, the central bank’s harsh stance on digital assets prevents banks like Hughes’ from offering such services.At the same time, he acknowledged that the central bank’s concerns about crypto being used for money laundering are relatively reasonable. Digital assets could present significant financial risks for retail traders “who see cryptos glittering at the moment and maybe make poor investment decisions,” he said.source