According to Bitcoinmagazine, KBC Group, Belgium's second-largest bank, announced that starting February 16th, it will open Bitcoin and Ethereum trading to private investors through its Bolero online investment platform, becoming the first bank in Belgium to offer crypto asset services. The bank complies with EU MiCA regulations and has submitted a complete CASP notification to the relevant authorities. It adopts an execution-only model (customers make their own decisions, with no personalized advice) and requires passing a knowledge and experience test. It implements a closed-loop model (trading is limited to within the platform, with no external transfers in or out), and the bank provides custody services.
KBC Bank in Belgium becomes the first bank in the country to offer Bitcoin transactions to retail customers.
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