"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."
"The company closed a Series A funding round last year and surpassed 500,000 app downloads, establishing itself as a user-friendly gateway for European retail investors seeking exposure to Bitcoin without intermediaries. With the MiCA license secured, Relai can now "passport" its services across the EU - meaning it can operate in all 27 member states once formal notification procedures are complete."
Relai, a Zurich-based Bitcoin-only app founded in 2020, received authorization as a Crypto-Asset Service Provider (CASP) from France's Financial Markets Authority (AMF) under the EU's Markets in Crypto-Assets (MiCA) framework. MiCA establishes uniform rules across the EU to increase investor protection and reduce regulatory fragmentation. The authorization allows Relai to passport its services across all 27 EU member states once notification procedures finish. Relai closed a Series A, surpassed 500,000 app downloads, and positions itself as a user-friendly gateway for retail investors seeking direct Bitcoin exposure. Planned features include Instant SEPA, higher trading limits, fixed-price transparency, and enhanced security.
Read at Bitcoin Magazine
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