{"id":36243,"date":"2021-02-11T10:01:07","date_gmt":"2021-02-11T08:01:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36243"},"modified":"2025-08-29T05:21:28","modified_gmt":"2025-08-29T02:21:28","slug":"vtb-chief-does-not-rule-out-private-investors-turning-to-bitcoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/vtb-chief-does-not-rule-out-private-investors-turning-to-bitcoin\/","title":{"rendered":"VTB chief does not rule out private investors turning to Bitcoin"},"content":{"rendered":"<p>Restrictions on the Russian stock market could spur an outflow of individual investors into cryptocurrencies. This, <a href=\\\"https:\/\/tass.ru\/ekonomika\/10671285\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">reports<\/a> TASS, citing a statement by VTB head Andrey Kostin.<!--more--><\/p>\n<p>The banker recalled that after the central bank&#8217;s restrictions on the purchase by individuals of complex investment products, sales have been suspended until April 2022. As a result, investors lost the opportunity to buy even VTB bonds, &#8216;fully capital-protected, gold-linked, which are absolutely reliable from the client&#8217;s point of view&#8217;.<\/p>\n<p>According to Kostin, the bans will push investors to seek alternatives to the Russian securities market in &#8216;less comprehensible, less transparent and less reliable products&#8217;. Among these alternatives he named gold, the dollar and Bitcoin.<\/p>\n<p>Kostin urged the central bank to maintain a balance between regulation and market development:<\/p>\n<blockquote>\n<p>&#8220;We believe it is important to maintain an optimal level of regulation and gradually expand the range of instruments available for investment,&#8221; he added.<\/p>\n<\/blockquote>\n<p>In the past, the head of VTB has already spoken negatively about Bitcoin, calling it a &#8216;fake currency with no future&#8217;.<\/p>\n<p>Since 1 January 2021, the Bank of Russia has set a <a href=\"https:\/\/forklog.com\/en\/news\/bank-of-russia-sets-limit-on-cfa-purchases-by-non-qualified-investors\">limit on acquiring \u0426\u0424\u0410<\/a> by individuals not classified as qualified investors, at 600,000 rubles per year.<\/p>\n<p>Subscribe to ForkLog&#8217;s Telegram news: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog Feed<\/a> \u2014 the full feed of news, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Restrictions on the Russian stock market could spur an outflow of individual investors into cryptocurrencies. This, TASS reports, citing a statement by VTB head Andrey Kostin.<\/p>\n","protected":false},"author":1,"featured_media":36244,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,27,1211,411],"class_list":["post-36243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-russia","tag-stock-market","tag-vtb"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/36243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=36243"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/36243\/revisions"}],"predecessor-version":[{"id":36245,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/36243\/revisions\/36245"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/36244"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=36243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=36243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=36243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}