Belgian Banking Enters a New Era in Crypto
Belgium's second-largest bank, KBC Group, has announced it will offer retail investors access to Bitcoin and Ethereum trading via its Bolero online investment platform, marking a milestone in the country's financial sector.
Details of the Service Revealed
The new service, set to launch the week of February 16, will operate under the EU's MiCA regulatory framework. KBC has submitted full notification of its crypto asset services to regulators. Trading will follow an 'execution-only' model, with users required to complete risk awareness and experience assessments before accessing the market.
Enhanced Security Measures
To prevent fraud and money laundering, the platform will adopt a 'closed-loop' model, allowing trading only within Bolero. Assets cannot be transferred to external wallets or exchanges, and will instead be held securely in custody by KBC Bank.