Big Canadian bank quashes cryptocurrency exchange rumors
The Royal Bank of Canada has quashed rumors that it’s creating a Cryptocurrency exchange or platform
Last week, a local Canadian news outlet — The Logic — reported that The Royal Bank of Canada (RBC) was exploring a Cryptocurrency trading platform that would let clients buy and sell digital coins, including Bitcoin and Ethereum.
“While RBC does not comment on ongoing proprietary research and development, we can confirm that these patent filings are not in support of work towards a Cryptocurrency exchange for clients,” the spokesperson told CoinDesk.
“RBC has no near-term plans to launch a Cryptocurrency exchange for clients,” they added.
The speculation that the bank was working on a Cryptocurrency platform stemmed from a number of patents it filed recently.
In the Logic’s initial report, an RBC spokesperson said the bank “like many