#btc #BreakingCryptoNews #cryptocurreny
KBC, one of Belgium’s leading financial institutions, is preparing to offer individual clients the opportunity to purchase Bitcoin (BTC) and Ethereum (ETH) through its investment platform Bolero starting this fall. This move is a first for a major Belgian bank.
According to a statement from KBC, the regulatory process required to gain official recognition as a crypto asset service provider is currently under analysis. The bank expects this process to be completed and approval to be received by the fall. Once approved, individual investors will be able to purchase BTC and ETH directly through KBC’s secure platform. The bank states that special attention will be paid to user education, security and legal compliance.
The move makes KBC the first major Belgian bank to announce concrete plans to offer cryptocurrency services. Until now, Belgian investors have generally had to turn to foreign platforms such as Binance, Coinbase and OKX, or digital banks such as Revolut and N26 for their crypto investments.
Other major Belgian banks are taking a cautious approach. Belfius says it is exploring how to adapt to the crypto market through its investment platform Re=bel. ING Belgium says it is examining the issue “very carefully,” while BNP Paribas Fortis says it has no plans to offer any crypto-related services
