Belgian bank KBC will open cryptocurrency trading through Bolero in mid-February, becoming the first to enable compliant buying and selling within a bank

According to an official announcement, Belgian banking group KBC has revealed that starting the week of February 16, its online investment platform Bolero will support individual investors in buying and selling crypto assets within the platform, making it the first bank in Belgium to offer such services. The related services will be conducted under the framework of the European Union's Markets in Crypto-Assets Regulation (MiCAR), and KBC has submitted a complete Crypto-Asset Service Provider (CASP) registration to the competent authority.

The announcement shows that initially, Bolero will support Bitcoin and Ethereum trading, adopting an "execution-only, no investment advice provided" model. Users must complete a knowledge and experience test before trading to confirm they fully understand the risks of crypto asset investment. Meanwhile, KBC employs a closed trading and custody model, where crypto assets can only be bought and sold within Bolero and cannot be transferred to external platforms, with strict KYC and KYT processes in place to reduce fraud and money laundering risks.

KBC stated that this initiative aims to respond to market demand for regulated crypto investment channels under compliant and secure conditions, and to provide investors with a more controlled participation method through bank-grade custody and risk control systems.