Bitcoin Global News (BGN)
July 2, 2018 -- ADVFN Crypto NewsWire -- What if I were to tell you
that the Crypto world might still need banks? That’s
what Qiwi, which is apparently an e-payments leader in
Russia, seems to think.
This year, Qiwi will launch what
they call a “crypto investment bank,” with the aim of providing a
place for investors to seek informed advice about the space as well
as for Russian companies to be able to “tokenize their
assets.”
This means that once Russia does
pass regulations that make it legal for companies to run on Crypto
tokens and Blockchains, then Hash and therefore, Qiwi hope to be
the leaders in facilitating this process at a large
scale.
Back in March, Qiwi began its
journey towards creating Hash by forming a subsidiary that would
essentially act as their research and development department
related to Blockchain development as well as Blockchain
consulting.
According to a report by
Coindesk, Hash will eventually fully manage the ICOs of their
business clients, which will also include providing them with
resources and assistance related to building blockchain
networks.
At this time, however, it is
unclear whether they will serve regular consumers at all. What has
been said is that Hash can now help Russian would-be crypto
investors, throughout the ICO process if they are interested in
investing in a particular offering. The kicker is, these would
usually be companies and not individual investors,
supposedly.
As far as when and if the needed
regulations will be pushed through, Hash and Qiwi are optimistic,
with projections like all bills will be passed by this fall. Until
the time that this occurs, Russian companies will have to be
content with Qiwi’s ICO services.
As the process moves forward, it
will also be interesting to see how the heavyweights of the
Blockchain industry respond to such an idea, given one side’s
relative fervor for
decentralization outside of the control of the current
banking industry.
By: BGN Editorial Staff
News:
Qiwi
ICO
Cryptocurrency
Blockchain