Currently, the banking establishment is being analyzed to be recognized as a service provider on crypto-active (CASP), a condition imposed by the new European legislation Micric (Markets in Crypto-Astets Regulation), entry partially in force in December 2024.
Popularity among young people
Beyond the regulatory framework, it is above all the enthusiasm of young investors for cryptocurrencies that draws the attention of financial institutions. According to the investigation Retail Investor Survey 2024 From the Belgian Financial Markets Authority (FSMA), more than 40 % of investors under the age of 30 already hold cryptocurrencies. A figure that does not escape banks, in full battle to seduce this generation. KBC recently lowered its prices for small stock market investments, a strategy also adopted by Keytrade Bank, Belfius and Saxo.
Why the Belgians bet more than ever on gold!
The bank believes that the Crypto offer aligns perfectly with the profile of Bolero users, generally young and comfortable with digital tools. However, it insists on the importance of education, given the high volatility of digital assets.
On the side of the other large banks, we observe and Belfius studies the possibility of also launching via its re = beautiful application.
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