Royal Bank of Canada spokesman: The bank has not yet planned to establish a cryptocurrency exchange

Royal Bank of Canada (RBC) spokesperson Ed Jones on Monday denied media reports that the bank is exploring a crypto exchange. The spokesperson said by e-mail that many of the bank's recent patent applications did not indicate that the bank had any intention to actually initiate the exchange. According to previous November 12 news, there are reports that Royal Bank of Canada is exploring the development of a cryptocurrency trading platform for online purchases and investments. In addition, it is speculated that the bank is also considering allowing customers to open bank accounts that contain digital currency.