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KBC Joins Growing European Banks Opening Doors to Cryptocurrency
KBC, a major Belgian financial institution, will enable retail customers to trade Bitcoin (BTC) and Ether (ETH) using its Bolero investment platform in the coming months, according to Belga. This marks a significant shift in Belgian banking, where traditional providers have consistently avoided direct engagement with decentralized digital assets.
How KBC’s Offering Will Work
- Retail crypto trading: KBC is seeking regulatory approval to become a licensed crypto asset service provider, with official clearance expected by autumn.
- Focus on safety & compliance: The bank emphasizes investor education, security, and strict adherence to EU regulations, including MiCA (Markets in Crypto‑Assets).
- Bolero platform launch: Belgian investors will soon be able to use Bolero—previously limited to stocks and funds—to access cryptocurrencies.
Why KBC’s Move Matters
Previously, Belgian investors turned to global platforms like Coinbase or Binance, or used European neo‑banks such as Revolut and Bunq, due to domestic banks’ reluctance. KBC’s decision marks a turning point. Only Belfius, the state-owned bank, has considered crypto via its Rebel platform, while others like ING, BNP Paribas Fortis, and Belfiusremain cautious.
KBC Joins Europe’s Banking Wave
KBC is part of a broader trend of European banks entering crypto:
- Deutsche Bank plans a crypto custody service by 2026.
- Germany’s Sparkassen-Finanzgruppe will enable crypto trading via its banking app within a year.
- UniCredit in Italy is issuing dollar-denominated certificates linked to BlackRock’s Bitcoin ETF, offering capital protection for professionals.
Crypto Interest Grows Across Central and Eastern Europe
Interest isn’t limited to Belgium. In the CEE region:
- Poland: Insurance giant PZU launched a Bitcoin fund under EU framework in May.
- However, Poland faces delays in MiCA implementation, with local crypto groups warning that pending national rules may exceed EU standards and disadvantage domestic firms.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
