#mica

#mica

The approval marks a significant moment not just for Relai, but for the broader Bitcoin ecosystem in Europe. The MiCA regulation, which came into effect earlier this year, establishes uniform rules for crypto companies across the EU, aiming to increase investor protection and reduce regulatory fragmentation between member states. While large exchanges like Binance and Coinbase are still navigating the complex licensing process, Relai's early authorization gives it a head start as one of the first Bitcoin-only firms to achieve compliance.

MiCA mandates that all crypto platforms in the EU must register and obtain a license, along with enforcing strict KYC and AML protocols for CASPs.