TCS Group CEO Oliver Hughes spoke about the interest of qualified investors in digital assets and noted the tough position of the Bank of Russia on this issue
Tinkoff Bank wants to start providing its clients with the ability to trade cryptocurrency, Oliver Hughes, head of the bank's parent company, TCS Group, said in an interview with CNBC . He explained that so far this option is not possible due to the tough position of the Central Bank, although qualified investors are showing interest in the topic.
Hughes noted that he understands the regulator's concerns about retail investors making the wrong investment decisions and the use of cryptocurrency to launder criminal funds. At the same time, interest in this asset class is growing, he said.
“I hope that over time this (cryptocurrency – topplabs.org) will develop, and we will be able to achieve the goals set by the Central Bank, making sure that there are no problems with money laundering and investor protection,” concluded Hughes.
In March, on the Clubhouse social network, the founder of Tinkoff Bank, Oleg Tinkov, criticized the cryptocurrency. According to the billionaire, digital assets are needed for people who "want to hide something." Tinkov said that he sees no reason to pay attention to cryptocurrency, since it is banned in Russia and will not be allowed in the near future.