Relai, a Swiss Bitcoin App, has been approved as one of Europe’s first Bitcoin-only businesses to be granted regulatory approval within the landmark Markets in Crypto-Assets framework.
A note sent to us by the Zurich-based company revealed that, according to France’s Financial Markets Authority AMF (AMF), it had been authorized as a Crypto Asset Service Provider. Bitcoin Magazine.
It is an important moment for Relai as well as the Bitcoin ecosystem. Europe. The MiCA regulationThe., that came into force earlier this summer, establishes uniform regulations for crypto companies throughout the EU. They aim to improve investor protection, and reduce fragmentation of regulatory rules between EU member states.
Relai is one of the first exchanges to be authorized by the government. While other large exchanges, such as Binance and Coinbase, are still working through the licensing process. Bitcoin-only Compliance is a must for all businesses.
“We’re incredibly proud to be one of the first Bitcoin companies to get the MiCA license and are eager to expand to France first — and Europe in a second step,” Julian Liniger co-founder, CEO and Relai. “This is a big moment for Bitcoin adoption on the continent.”
Relai has expanded its bitcoin-only vision throughout Europe
Relai, founded in Zurich 2020, has thrived despite the difficult regulatory climate for digital assets.
The company has closed its Series A funding last year. They have also surpassed the 500,000-download mark, making them a gateway that is easy to use. European retail investors Seeking exposure to Bitcoins without intermediaries.
Relai is now able to operate with the MiCA licence. “passport” its services across the EU — meaning it can operate in all 27 member states once formal notification procedures are complete.
The company intends to launch a range of new features tailored specifically for European customers, such as Instant SEPA payment, higher trading limit, transparent fixed price, and enhanced safety standards.
Relai will also invest in community building and education, by launching learning materials that are localized and sponsoring Bitcoin-related events throughout Europe.
“Our goal is clear: bringing Bitcoin to as many people as possible — simple, secure, and regulated,” Adem Bilican co-founder, president and CEO of Relai EU.
The new advisory board includes Jean Guillaume, Daniel Astraud and Herve De Kerdrel. These industry veterans will guide the company on compliance with regulatory requirements and growth strategies.
Relai will leverage their MiCA approval in order to expand throughout Europe. Marketing campaigns and updates to the app are scheduled to be released by 2026.
Yesterday, Blockchain.com announced It also received a MiCA licence, which was granted by the Maltese Financial Services Authority.
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Source: bitcoinmagazine.com
