The Belgian KBC Bank is making a significant move into crypto. Starting this autumn, customers will be able to buy Bitcoin (BTC) and Ether (ETH) directly through the bank’s Bolero app. This marks the first time a major Belgian bank will offer such a service.
Currently, most Belgians use offshore platforms like Binance, Coinbase or Revolut when they want to buy crypto. With the launch of local crypto trading services, KBC Group wants to make it easier and safer. Although the bank is still awaiting regulatory approval but expects to receive the green light before launch.
According to a report by local media outlet L’Echo, the move by KBC primarily aims to foster crypto adoption in the country. “Retail investors would then be able to invest directly in Bitcoin and Ether in a secure environment, with particular attention paid to education, security, and regulatory compliance,” the bank said.
For years, traditional banks avoided cryptocurrencies due to their perceived risks, unclear regulations, and extreme price volatility. But the landscape is shifting. With the introduction of Europe’s new MiCA regulation, banks now have a clearer legal framework and no longer require a separate license to offer crypto services.
Other European banks are also following suit. In Germany, Sparkassen said this week it will let people trade Bitcoin and Ether through its app next year. Spain’s BBVA is also working on a crypto plan.
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