Tinkoff Investments, the online brokerage from high-profile Russia-based private bank Tinkoff – is reportedly deep-diving into crypto investment offerings, regardless of the Bank of Russia barring the release of such tools.

Specifically, Tinkoff Investments head Dmitry Panchenko reportedly shared that the brokerage portal of the bank is taking into consideration initiatives associated with crypto investment, but it is still yet to deep dive into particular specifics. 

The company is now shifting its focus on research and development projects, which deals mainly with an array of crypto-centric offerings, as shared by Panchenko. 

Tinkoff Investments is particularly keeping a close eye on crypto offerings from different firms, such as global payment heavyweight PayPal, together with pro-crypto apps such s Revolut and Robinhood.

Panchenko reportedly highlighted that regardless of lawmakers in the region has not given their green light for firms like Tinkoff Investments to support crypto investment offerings, citizens in Russia are still displaying an active stance via trading crypto on platforms outside of the country, having over $15 billion equivalent of crypto assets on exchanges. 

“One way or another, people get exposure to crypto and they do it outside of the country. It would be potentially correct to provide such services within the Russian legal system. This is not possible legally today, but the issue needs to be discussed and studied more deeply.”

Panchenko additionally revealed that brokerages such as Tinkoff will prove to be beneficial from the adoption of crypto investment services. He further highlighted that the bank has witnessed rising demands, which is for crypto-related investments specifically, contradictory with crypto functioning as a medium for payments, which is banned by the nation’s crypto law “On Digital Financial Assets.”