TechFlow, Dec 4 — According to Cryptopolitan, VTB, Russia's second-largest bank, plans to allow investors to buy and sell cryptocurrencies through brokerage accounts. The bank currently offers investment services in crypto derivatives and intends to offer direct investments in digital assets next year.
Andrey Yatskov, head of VTB's brokerage services division, announced at the Moscow Investment Forum that customers will be able to directly buy, sell, and hold decentralized digital currencies such as Bitcoin within personal investment or brokerage accounts. Currently, Russia only permits "highly qualified" investors to invest in cryptocurrencies under an experimental legal regime, requiring at least 100 million rubles in traditional investments and an annual income of 50 million rubles.
