KBC, one of the largest financial institutions in Belgium, is said to be preparing to allow its customers to invest in encrypted currencies through its subsidiary.
Boulereo, an online investment platform run by KBC, will access Bitcoin (BTC) And the fragrance (EthInvestments on its platform later this year, the local newspaper L’Co I mentioned Wednesday.
KBC expects to secure organizational approval for the product by autumn.
KBC spokesman confirmed the bank’s plans to subscribe. They said: “Individual investors can invest directly in Bitcoin and Ether in a safe environment, while paying special attention to education, security and compliance with regulations.”
One of the first Belgian banks to embrace encryption
If the operation continues as planned, it will become the first major Belgian bank to announce its intention to provide encryption services to retail customers, according to L’Echo.
Currently, Belgian customers usually use foreign encryption exchange such as BinanceCoinbase and Okx Or friendly investment applications such as the revolution and 26.
The KBC step comes in the European banks that are increasingly moving to investment and investment products, with German banks, Deutsche Bank and Sparkassen-FINANZRUPPEAnd according to what was stated, plans for encryption offers for the first time in the coming months.
Cointelegraph KBC called to comment but he did not receive a response at the time of publication.
This is a developing story, and more information will be added when available.
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