Royal Bank of Canada

Published at Bitcoin.com on Feb 25, 2018 by Kevin Helms

Royal Bank of Canada (RBC), the country’s second-largest bank by assets, said on Friday that “it does allow its credit and debit cards to be used for transactions involving cryptocurrency in limited circumstances,” Financial Post noted. Nonetheless, the bank cautioned clients about the volatility of cryptocurrencies which “could expose them to substantially higher debt levels than they are able to repay.” An RBC spokesperson said in an emailed statement:

“We do recognize that regulatory, risk and other external environmental factors relating to cryptocurrency continues to evolve…As such, we continue to review our policies to consider how we can best support clients.”

Published at Bitcoin.com on Feb 25, 2018 by Kevin Helms

Royal Bank of Canada (RBC), the country’s second-largest bank by assets, said on Friday that “it does allow its credit and debit cards to be used for transactions involving cryptocurrency in limited circumstances,” Financial Post noted. Nonetheless, the bank cautioned clients about the volatility of cryptocurrencies which “could expose them to substantially higher debt levels than they are able to repay.” An RBC spokesperson said in an emailed statement:

“We do recognize that regulatory, risk and other external environmental factors relating to cryptocurrency continues to evolve…As such, we continue to review our policies to consider how we can best support clients.”