KBC Bank to offer Bitcoin, Ether to retail customers: Report

KBC Bank, 1 of Belgium’s largest fiscal institutions, is reportedly preparing to let its customers to put successful cryptocurrencies done its Bolero subsidiary.

Bolero, an online concern level operated by KBC, volition rotation retired entree to Bitcoin (BTC) and Ether (ETH) investments connected its level aboriginal this year, section paper L’Echo reported connected Wednesday.

KBC expects to unafraid regulatory support for the merchandise by autumn.

A spokesperson for KBC confirmed the bank’s plans to L’Echo. “Individual investors could past put straight successful Bitcoin and Ether successful a unafraid environment, with peculiar attraction paid to education, information and compliance with regulations,” they said.

One of the archetypal Belgian banks to clasp crypto

If the rollout proceeds arsenic planned, it would go the archetypal large Belgian slope to denote its volition to connection crypto services to retail customers, according to L’Echo.

Currently, Belgian customers typically usage overseas crypto exchanges similar Binance, Coinbase and OKX oregon crypto-friendly concern apps specified arsenic Revolut and N26, the study said.

KBC’s determination comes amid European banks progressively moving into crypto concern and custody products, with 2 German banks, Deutsche Bank and Sparkassen-Finanzgruppe, reportedly readying to debut crypto offerings successful the coming months.

Cointelegraph contacted KBC for remark but had not received a effect by the clip of publication.

This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.

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