March 5, 2021

Royal Bank of Canada plans to launch cryptocurrency exchange

Royal Bank of Canada plans to launch cryptocurrency exchange

The largest bank in Canada, which had previously banned its customers from buying BTC, plans to launch its own cryptocurrency exchanger.

According to The Logic,The Royal Bank of Canada (RBC), which manages $ 499 billion of assets, is considering launching a multi-functional exchange. The publication states:

The new trading platform will allow you to buy and sell digital currencies, including BTC and ETH, as well as make transactions in several types of cryptocurrencies.

And although at the moment there is more information aboutThere is no project, such a step will be a noticeable change in the policy of the bank. Last year, his customers lost the opportunity to buy cryptocurrencies using RBC credit or debit cards.

Recall that earlier the Bank of Canada manager Stephen Poloz called bitcoin “a kind of gambling” and called for strengthening regulatory control of the cryptocurrency industry.

According to the materials cointelegraph.com