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Writer's pictureRaymond Chai

OTCbid - Russia’s top digi bank wants to offer crypto, tough central bank policy stands in its way




" Tinkoff, the biggest online bank in Russia, wants to offer cryptocurrency trading to its clients but says this will take time due to a tough stance from the country’s central bank.

Oliver Hughes, Tinkoff’s CEO, said Thursday that “qualified investors who know what they’re doing” want to invest in crypto.


“There’s no mechanism for us to offer that product to them in Russia at the moment because the central bank has got this very tough position,” he told CNBC’s Hadley Gamble at the St. Petersburg International Economic Forum.


Russia gave cryptocurrencies like bitcoin legal status in 2020 but banned digital assets from being used in payments, saying that only the Russian ruble could be considered legal tender.

Earlier this week, Russian central bank governor Elvira Nabiullina told CNBC that digital currency was the “future for our financial system.” But she was referring to central bank digital currencies rather than crypto." - Read Full Article


Source: CNBC





100K+ BTC BUYER IN EUROPE AVAILABLE

" We get asked for millions of BTC from billion-dollar companies. We can do it with multiple sellers and multiple wallets."

- OTCbid

-8% Gross, -4% Net, B2B, Europe

Seller Mandates Only - OTCbid.com



NEW: 100K BTC with R&E @ -8% gross, -4% net, B2B, Europe - Look For Seller

(Buyer: XS...GR-Link)

Post: 7.6.21

​​​​​​

  • Buyer is looking for 100K BTC with R&E @ -8%gross, -4% net

  • Maximum contract size 500K BTC

  • Buyer = 4%

  • Buyerside consultants = 1% (open)

  • Buyerside facilitators = 1% (open)

  • Sellerside consultants = 1% (closed)

  • Sellerside facilitators = 1% (closed)

​​​

  • ​PROCEDURE:

  • Seller sends a draft SPA. Within 24 hours, buyer will fill out with buyer´s required details, SIGN and return the SPA to the seller. Within 24 hours, seller will fill out all required details, SIGN and send back the SIGNED SPA on a PDF format.

  • Proof of funds (POF):

  • The Bank of the buyer issues SWIFT MT199 POF to the Bank of seller.

  • Proof of coins (POC):

  • The seller will show the readiness to proceed for the first tranche by sending a Satoshi test from his wallet to buyer´s wallet.

  • The Buyer shall pay the Seller for each and all BTC purchases via Swift MT 103/202 cash transfer in US$ currency sent to the Seller nominated receiving bank account in accordance with the attached MT103/202 Text approved by the Seller and Seller receiving Bank.

  • For each sales tranche, the Seller shall issue a Pro-Forma Invoice addressed to the Buyer quoting the agreed days market price for the BTC tranche quantities, and then the Buyer pays the invoice amount minus the Buyer discount of -4 % net and the agreed Commission for each and every tranche to be paid by the Seller plus Contract renewal.

  • The Seller shall then, after receipt and confirmation of the Buyer Bank issued SWIFT MT103/202, transfer via the Blockchain after 6 Confirmation the appropriate number of BTC to the nominated Buyers Wallet to guarantee that the transfer was successful, accompanied by the Blockchain transfer slip, in order for Buyer to confirm with Buyer Bank good receipt of the BTC and that they can inform the Sellers bank of their authority to release the “202” Cover conditions and provide the release instruction code to credit the Sellers account with the value of the SWIFT MT 103/202 as transmitted and recorded.

  • The commission must be paid by seller to the agents under the IMFPA IC-456-BTC-2021 listed in “Annex D”, which is included in this agreement.

  • All subsequent tranche sale of BTC is conducted according to the foregoing formula and shall commence at each stage after the BTC have been irrevocably received by the Buyer and the Seller has received appropriate payment for each previous tranche and invoice issued.

  • Upon completion of the transaction, both parties sign the affidavit of successful settlement.

SELLER MANDATE ONLY

Interested parties should contact :

​​

  • OTCbid@gmail.com

  • DM Raymond Chai (on Linkedin)

  • Telegram @OTCbiddotcom

  • Telegram: +1 (786) 632 8577

  • T.me/otc_bid

  • OTCbid.com


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