Belgium's second-largest bank KBC becomes the country's first bank to offer cryptocurrency tradin...

BlockBeats News, January 16th, according to Bitcoin Magazine, Belgium's second-largest bank KBC Group announced that it will offer Bitcoin and Ethereum trading services to retail customers through its online investment platform Bolero, becoming the country's first bank to offer such services. The service is scheduled to go live during the week of February 16th and will operate within the regulatory framework of the European Union's Markets in Crypto-Assets (MiCA) regulation.KBC has stated that it has submitted a full notification to regulatory authorities to act as a crypto asset service provider. The service will operate on an "execution-only" basis, where customers must make their own decisions and pass a risk knowledge and experience test before trading. To reduce fraud and money laundering risks, the platform will use a "closed-loop" model, where customers can only buy and sell within the Bolero platform, unable to transfer assets to external wallets or exchanges, and will be provided with custody services by the bank.