Belgium's KBC Group to Launch Bitcoin and Ethereum Trading Services

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KBC Group, Belgium's second-largest bank, will launch Bitcoin and Ethereum trading for retail customers via its Bolero platform by mid-February, becoming the first Belgian bank to do so under MiCA regulations.

Belgium's second-largest bank, KBC Group, has announced its plans to offer Bitcoin and Ethereum trading services to its retail customers through its online investment platform, Bolero. This makes KBC the first bank in Belgium to provide such services, with the launch scheduled for the week of February 16, operating under the EU's Markets in Crypto-Assets (MiCA) regulatory framework. The service will follow an 'execution-only' model, requiring customers to make their own decisions and pass a risk knowledge and experience test before trading. To mitigate fraud and money laundering risks, a 'closed-loop' model will be used, preventing asset transfers to external wallets or exchanges, and KBC will provide custody services.

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