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Synthetic CBDCs are almost here. Central Banks are going forward without official government approval.
Belgian Banking Group KBC Creates Blockchain-Based Coin
Belgium's KBC bank launches blockchain-based Kate Coin - Ledger Insights
KBC is the first European financial institution to use crypto as payment. KATE COIN
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I made a [video](https://youtu.be/1o35ld9a92c?si=tzDNRu4WSGsO6KBC) on this and you're correct, we'll be seeing an 18-month window from the beginning to end of October 2025. I'm still expecting at least $180k peak by Halloween. Bitcoin will get rid of my consumer debt, it's very exciting. Some say it will rise even more by New Year's, and some are betting $200k by Christmas.
https://youtu.be/KBC55msyf6c?si=7oLJ0rC9uHfDG2TB Just posted a few days ago, this guy is great and knowledgeable
tldr; KBC Bank, one of Belgium's largest financial institutions, plans to allow retail customers to invest in Bitcoin and Ether through its Bolero platform later this year. The bank is seeking recognition as a Crypto-Asset Service Provider (CASP) and aims to provide a secure, regulated framework with a focus on education. If successful, KBC would be the first major Belgian bank to offer crypto services, joining a growing trend of European banks entering the cryptocurrency market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; KBC Bank, a major Belgian financial institution, plans to offer Bitcoin and Ether investments to retail customers through its Bolero platform later this year. The bank is seeking recognition as a Crypto-Asset Service Provider (CASP) to ensure a secure and regulated framework. If successful, KBC would be the first major Belgian bank to provide crypto services directly to retail clients, marking a significant step as European banks increasingly explore crypto investment and custody products. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Czech Republic out here playing chess while the rest of us are stuck with Ludo. 🇨🇿 No capital gains on Bitcoin? Meanwhile, in India, we’re getting taxed like we just won Kaun Banega Crorepati (KBC) every time we touch crypto. 💸
$KBC. Kebabcoin. Created by a random shop in Turkey. Eat to earn. Tokens can be used as discount coupons.
In Belgium the bank KBC created Kate Coin! You can check it on: https://newsroom.kbc.com/kbc-creates-a-first-in-europe-with-the-kate-coin-its-own-digital-coin-based-on-blockchain
First of all, the real question here is what would I need that 1 million dollars for? As far as I can tell, this will not be for grocery store bills and filling up the gas tank. First of all, you would look at the percentage that bitcoin has in your portfolio to determine how much you need to liquidate. If you want to liquidate 1M at one time, that means you did not really manage your investment portfolio very well. For this amount of money, I would actually contact the OTC office at kraken first, instead of going for consumer facing solutions. I would inform kraken of the inward transfer. Furthermore, I would open a bank account probably in switzerland, monaco, andorra or luxemburg, in person, with the explicit notice that investment proceeds will be wired into my account shortly. I would execute the transfer to kraken and transfer it out through IBAN to that bank. The problem I have now is that I have one million sitting in a bank account instead of in bitcoin... I can spend that money easily through credit cards and use it for bill pay... The fact that you ask this, does mean that you have no clue on how to handle substantial amounts of money to begin with. If I would currently have an extra 1 million in bitcoin, I would not change my behavior. I have a predetermined percentage of my portfolio to be dedicated to different asset classes and a predetermined correction percentage to alter this. I balance my accounts once a month. A hit of 1 million onto my crypto would mean I need to liquidate about 25k a month, which I would do through a combination of Kraken, Nuri and Swissquote. I would take around 5K, from kraken, through to KBC bank and eventual my IBKR account. I would liquidate 15K through Nuri, and use it for my day to day expenses, excess will be entering the IBAN system and going to my savings or investment accounts. The other 5k would go through swissquote directly as bitcoin, and there, I would exchange this into either ETF's or stock allocations depending on the current performance on my portfolio. In this way, I rebalance the risk on my total investment portfolio. I liquidate around 300k bitcoin a year, depending on the performance of my different assets. From my total portfolio I withdraw for my living expenses, but usually, for now, my salary covers everything anyway. I have been doing this for several years without any problem, so I do not understand the problem you seem to have. I am using mostly bank cards from banks in different countries to begin with, that is no problem at all.
A big Belgian bank (KBC) has developed a blockchain-based token to be used at events and festivals. The first use case for "Kate coin" is going to be at the Werchter Boutique festival which started today. KBC says it wants to keep up with the newest technologies and take advantage of them. Important to be mentioned though: it's a blockchain-**based** token. Probably to minimize costs, they host it themselves (it's not decentralised afaik). [https://news.bitcoin.com/belgian-banking-group-kbc-creates-blockchain-based-coin/](https://news.bitcoin.com/belgian-banking-group-kbc-creates-blockchain-based-coin/)
tldr; KBC Group, a major European banking and insurance institution, has launched a token based on a blockchain platform. The bank said it's preparing a large-scale test of the token, with the participation of thousands of employees who will be able to spend it at a festival in Belgium this week. The coin comes a year and a half after the launch of Kate, KBC’s personal digital assistant. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
It's a mess, that's for sure. But hey, KBC won't be yelling "Blockchain bad" anymore so that's a good start.
tldr; KBC Bank has unveiled Kate Coin, a blockchain-based e-money offering that can only be used via the KBC Mobile app. The in-house developed system has programmable money features that can be used to control the money’s functionality. The coin is not transferrable between KBC customers, nor can it be exchanged for euros. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Idk why the downvotes. I've pushed the research a [little](https://newsroom.kbc.com/kbc-creates-a-first-in-europe-with-the-kate-coin-its-own-digital-coin-based-on-blockchain), and it's absolutely centralized within the bank. ​ >Kate Coin is fully collateralised by KBC and pegged to the euro on a 1:1 basis (at a rate of 1 euro per Kate Coin), which means that volatility and speculation are not an issue. Kate Coin will of course fully comply with the applicable European and national regulatory or legislative framework. **All transactions take place in the trusted KBC environment, a private blockchain managed by KBC, where KBC controls who has access.** Wouldn't touch that.
Lucky me that I have a KBC account :)
Karatbars/KBC, without a doubt.
Well KBC (Belgium) so far hasn't messaged me or nothing about my 'investments', so I guess they're at least not anti-Crypto
In Belgium crypto gains are considered highly volatile capital gains , similar to gambling, they fall under the same taxation range. They assume we take a huge financial risk by investing in crypto , but then again, if you open a fund pension account at KBC and want to liquidate in a future point in time, it's again 33% tax ... so they don't seem to make much difference between fund pension options and gambling. They simply tax the shit out of people's personal gains ... and for that reason, i will never make any auto tax statements. If they send me the papers i will pay, if not , not :)
here's the address with the KBC. i sent some eth there a few days ago to try to send it to me before i realized it's a shitcoin that is only on yobit (and the deposits for it are turned off lmao) https://etherscan.io/address/0x869466f50c755dc451dac36480330d498f47f283
Lookin to replace that KBC with moons
Absoluut ranzig. The only trustworthy ones in BE are Argenta and to some extend Keytrade for stonks. KBC is straight-up scum.
exactly. Everything is in wallets and crypto except for the monthly payments ... i even cancelled all my pension funds and everything that was taking money and giving back half of it. I pay 4 years a pension fund at KBC (Belgium), amounting to arround 4.3k euro ... so the full amount was payed from my account directly. I asked for a cancellation of that fund, i got back 2.8k euro ... somethig like 33% was government withholding ... yes, Banks.
Woah... Good thing I came up on this post. I was just about to buy some Krabbycoins (KBC) that I heard Mr. Crabs was talking about. That guy sure as hell is generous and always looks after charites, his workers and is a totally swell guy.
Litecoin and Karatgold (KBC) Haven't followed KBC since but it ignited my interest in crypro
I am a KBC client and they've never stopped me doing anything with crypo or sending money to exchanges.
I'm not entirely sure, but I think KBC has the same rules as well.
In Europe I've had no issues transferring FIAT to Kraken with KBC, N26 and Revolut.
It seems that your comment contains 1 or more links that are hard to tap for mobile users. I will extend those so they're easier for our sausage fingers to click! [Here is link number 1 - Previous text "ugh"](https://i.imgur.com/KBC5mkz.jpg) ---- ^Please ^PM ^[\/u\/eganwall](http://reddit.com/user/eganwall) ^with ^issues ^or ^feedback! ^| ^[Code](https://github.com/eganwall/FatFingerHelperBot) ^| ^[Delete](https://reddit.com/message/compose/?to=FatFingerHelperBot&subject=delete&message=delete%20h01ni77)
[ugh](https://i.imgur.com/KBC5mkz.jpg)
tldr; KBC Bank Belgium, a universal multi-channel bank insurer, plans to launch its digital currency, “KBC Coin.” KBC Coin will be a remunerations token that will permit the bank to foster client commitment techniques, advance its foundation, and power clients to acknowledge its administrations. This coin can at first be acquired by faithful clients and spent on additional services.{} *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
KBC or karat claimed some bullshit to be backed by physical gold
Yes, AXA in Belgium refused a wire transfer to all Kraken SEPA accounts because of some blacklist bs. KBC still worked though. Sucks when banker wankers tell you what you can and can't do with your money! Buy Bitcoin.
I don't know if this is for all banks in Belgium, but if you work for KBC (large bank) you may not own crypto according to the employment contract...
Belgium here, KBC user , they actually try to do everything now without your physical presence, still need to call and stuff , the mobile app does 80% of their options ... but i would drop this shit for DeFi in a atto second ... Cryptocurrency for the win!