Following reports in the Canadian media about RBC's intentions to launch a cryptocurrency exchange, a spokesperson for the bankmade a refutation of this information.
A representative of the bank suggests that such a conclusion was made after RBC's recent filing of patent applications in the field of cryptocurrenciesand blockchain.
Applications detail how RBC canintegrate cryptocurrencies in their activities. Although patents are not directly related to cryptocurrency exchange technology, they do provide some insight into how RBC can use its experience in storing and managing assets in the crypto industry. The spokesman called this interpretation of the bank’s thematic patents speculation and noted that RBC does not plan to launch a cryptocurrency platform in the near future.
At the moment, RBC already has about 27 patents related to blockchain technology in its portfolio.All of them relate to the research of new technologies and their application in the financial sector.
According to representatives of the bank, such patents serve to “protect corporate ideas and concepts” and cannot serve as proof of the creation of a platform for trading digital currency by the bank.
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