Belgium's second-largest bank, KBC Group, announced a major move: starting from February 16, its Bolero online investment platform will officially open Bitcoin and Ethereum trading to private investors. This means Belgium finally has its first bank offering cryptocurrency asset services.
More importantly, KBC's solution fully complies with the EU MiCA regulatory framework and has completed the full registration as a CASP( crypto asset service provider) with the relevant authorities. This is not just a simple listing of two cryptocurrencies, but a traditional financial institution entering the market in a fully compliant manner.
From a regulatory perspective, this marks a breakthrough in the institutionalization of European traditional banks in the crypto asset field. As an important member of the EU, this leading bank's move may encourage more similar institutions to follow suit. For investors, trading crypto assets through licensed banks adds an extra layer of risk management and fund security. This gradual progression from regulation to practice is reshaping the boundaries between traditional finance and Web3.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
4
Repost
Share
Comment
0/400
DefiPlaybook
· 15h ago
This is what true institutional breakthrough looks like, not the kind of wild growth approach. Once the EU MiCA framework was introduced, traditional finance completely couldn't sit still.
View OriginalReply0
MechanicalMartel
· 15h ago
Traditional banks are starting to compete in the crypto space; this move in Europe is really serious.
View OriginalReply0
RugPullAlarm
· 15h ago
Wait, does KBC really comply just by meeting the MiCA framework? I need to check the specific details of their CASP declaration... This kind of "full compliance" statement sounds too smooth, which makes it a bit suspicious.
Belgium's second-largest bank, KBC Group, announced a major move: starting from February 16, its Bolero online investment platform will officially open Bitcoin and Ethereum trading to private investors. This means Belgium finally has its first bank offering cryptocurrency asset services.
More importantly, KBC's solution fully complies with the EU MiCA regulatory framework and has completed the full registration as a CASP( crypto asset service provider) with the relevant authorities. This is not just a simple listing of two cryptocurrencies, but a traditional financial institution entering the market in a fully compliant manner.
From a regulatory perspective, this marks a breakthrough in the institutionalization of European traditional banks in the crypto asset field. As an important member of the EU, this leading bank's move may encourage more similar institutions to follow suit. For investors, trading crypto assets through licensed banks adds an extra layer of risk management and fund security. This gradual progression from regulation to practice is reshaping the boundaries between traditional finance and Web3.