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Belgian bank KBC will launch cryptocurrency trading via Bolero in mid-February, becoming the first to offer compliant buying and selling within a bank
Svmuu News: According to an official announcement, the Belgian banking group KBC has announced that, starting the week of February 16, its online investment platform Bolero will support retail investors in buying and selling crypto assets directly on the platform, making it the first bank in Belgium to offer such services.The service will operate under the framework of the EU’s Market in Crypto-Assets Regulation (MiCAR), and KBC has submitted a complete registration as a Crypto-Asset Service Provider (CASP) to the relevant regulatory authorities. The announcement states that initially, Bolero will support trading in Bitcoin and Ethereum, operating on a “execution-only, no investment advice” model.Users must complete a knowledge and experience test prior to trading to confirm their full understanding of the risks associated with crypto asset investments. Additionally, KBC employs a closed-loop trading and custody model, whereby crypto assets can only be bought and sold within Bolero; transfers to external platforms are not supported. The bank also implements strict KYC and KYT processes to mitigate fraud and money laundering risks.KBC stated that this initiative aims to address market demand for regulated crypto investment channels while ensuring compliance and security, and to provide investors with a more controlled participation model through bank-grade custody and risk control systems.
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