Freedom Holding Corp (FRHC)

[Quintessence]

Today I spoke at the main spring conference of SROs for NAUFOR professional participants in Moscow.
Over the past ten years, the regulator, the Bank of Russia, has done a lot of work to eliminate imbalances in regulation on the one hand (and this has led to a multiple growth of the market), on the other hand it significantly increases the cost of doing business every year and creates new imbalances and restrictions.
I really want to believe that our regulator will not forget that we live in a country with an open border and an open capital account, and we can’t ban clients from servicing foreign online brokers. They are our main competitors! We cannot effectively prohibit the final consumer; we can only cause irreparable damage to our own financial industry, introducing measures and restrictions unprecedented in world practice.
I am sure that the efforts of Alexey Timofeev and the rest of the RZB players will not be in vain and our regulation on access to foreign markets (the US market, first of all) will become competitive with regulation in Western Europe.

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