Belgium’s getting ready for a crypto boom! KBC Bank, a major player, is about to let its customers buy Bitcoin and Ether directly through its Bolero investment platform. This is huge – it’s the first time a big Belgian bank has offered this. Until now, Belgians wanting to invest in crypto had to use international platforms like Coinbase and Binance, or neo-banks such as Revolut and Bunq.
KBC’s Crypto Launch
The new crypto trading feature is planned for this fall. KBC is working to get the necessary approvals under the EU’s new crypto rules (MiCA). Once approved, Bolero users will find a shiny new “Crypto” tab in their accounts, letting them easily buy Bitcoin and Ether. KBC is emphasizing strong security and “know your customer” checks to prevent money laundering.
Will Other Banks Follow Suit?
Other big Belgian banks are watching KBC closely. Belfius is reportedly interested, but ING and BNP Paribas Fortis are still on the fence. The demand is definitely there; lots of Belgian investors have been asking their banks for crypto services. KBC’s move could trigger a domino effect, or it might be a lone wolf if regulators slow things down.
Young Investors Lead the Charge
Younger Belgians are driving this crypto craze. A recent survey showed that a whopping 43% of people under 29 already invest in crypto! Many prefer familiar coins like Bitcoin over riskier, smaller tokens. KBC is betting that this younger demographic will flock to Bolero once crypto trading is available.
The Future of Crypto in Belgium
KBC’s plans are dependent on getting the final go-ahead from regulators this autumn. The crypto world will be watching to see if other Belgian banks follow KBC’s lead or stay on the sidelines.
