Russian Bank Acquires Cryptocurrency Company!

In the face of the negative and skeptical approach of the Central Bank of Russia to cryptocurrencies, Russian banks continue their moderate approach towards the crypto market.

Russian local news outlet The Bell reported that TCS Holding, the owner of Russia’s largest online bank Tinkoff, has acquired Swiss cryptocurrency firm Aximetria.

The Bell also stated that TCS Holding’s stake in Aximetria is 83.2%.

A spokesperson for Tinkoff confirmed the acquisition, saying that Aximetria “will be part of the international expansion of the Tinkoff Group.”

The spokesperson pointed out that Aximetria, which was founded in 2018 by the Russian authorities in Zug, Switzerland, is not a cryptocurrency exchange, but a company that provides digital asset services for private customers.

Although the Russian bank Tinkoff continues to take steps in the crypto space in the face of the Russian Central Bank’s harsh stance against cryptocurrencies, it is a matter of curiosity how the bank will solve the problem of providing crypto money services to its customers.

Because, Tinkoff CEO Oliver Hughes said in his previous statements that although cryptocurrencies are a popular tool for investing among investors, the bank does not have a mechanism to offer crypto services to customers in Russia in the face of the harsh stance of the Central Bank.

For exclusive news, analysis, any questions and discussions Telegram our group and twitter Follow our account now! also Our Android AppStart live price tracking now by downloading !


source site-4