KBC Group to Launch Retail Bitcoin and Ethereum Trading Under MiCA Rules

KBC Group to Launch Retail Bitcoin and Ethereum Trading Under MiCA Rules

KBC Group will offer Belgium’s first bank-operated retail crypto trading service, enabling Bitcoin and Ethereum transactions under MiCAR rules via a secure, closed model on its Bolero platform.

BTC
ETH

Fact Check
The evidence strongly supports the core claims of the statement. 1. **KBC Group & Retail Service:** All high-authority primary sources (the official press releases from KBC's newsroom in Dutch, English, and French) confirm that KBC Group is launching a crypto trading service for its retail clients via its Bolero platform.2. **Bitcoin and Ethereum:** The most specific primary source, the Dutch-language press release, explicitly states that the service will allow the buying and selling of both Bitcoin and Ether ("Bitcoin en Ether"). While other versions of the press release only mention Bitcoin, this is not a contradiction but a difference in detail. The most detailed primary source confirms both assets.3. **MiCA Framework:** While the primary sources (the official KBC press releases) do not explicitly use the term "MiCA", multiple secondary sources directly and consistently report that this new service is being launched under the MiCA regulatory framework. For instance, reports from TradingView/Coinpedia and BingX state this connection explicitly. Another source mentions a "regulatory notification," which is consistent with operating under a new, comprehensive framework like MiCA. As a major, regulated Belgian bank operating in the EU, it is highly probable that any new crypto service launch would be designed to comply with the landmark MiCA regulation. The absence of the term in the initial press release does not contradict this; it is common for corporate communications to avoid overly technical regulatory jargon.In summary, the key components of the statement—the entity (KBC), the service (retail trading), and the assets (Bitcoin and Ethereum)—are directly confirmed by primary sources. The regulatory context (MiCA) is consistently reported by multiple secondary sources and is the logical framework for such an initiative in the EU. There are no contradictions in the evidence provided.
Summary

KBC Group will allow individual investors to trade Bitcoin and Ethereum on its Bolero platform starting the week of February 16, making it Belgium’s first bank to provide such services. Operating under the EU’s Markets in Crypto-Assets Regulation (MiCAR), the bank will use a closed-loop trading model that prevents transfers outside the platform, enforce strict Know Your Customer (KYC) and Know Your Transaction (KYT) procedures, and avoid offering investment advice. All crypto assets will be held in KBC custody to enhance security and compliance.

Terms & Concepts
  • MiCA regulation: The Markets in Crypto-Assets regulation, a European Union framework governing crypto assets and service providers.
  • Execution-only model: A service where a financial institution executes trades upon client instruction without providing investment advice.
  • KYC/KYT: Know Your Customer and Know Your Transaction processes, used to verify client identities and monitor transactions for compliance and anti-money laundering.