March 4, 2024

Royal Bank of Canada plans to launch cryptocurrency exchange

Royal Bank of Canada plans to launch cryptocurrency exchange

Canada's largest bank, which previously prohibited its clients from buying BTC, is planning to launch its owncryptocurrency 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 detailed information aboutproject, such a step would be a noticeable change in the bank’s policy. Last year, its customers lost the ability to buy cryptocurrencies using RBC credit or debit cards. 

Let us recall that earlier the Governor of the Bank of Canada, Stephen Poloz, called Bitcoin “a type of gambling” and called for strengthening regulatory control of the cryptocurrency industry. 

Based on materialscointelegraph.com