Brazil sits firmly near the top of the list for crypto adoption in 2025 Did you know? B3 (short for Brasil, Bolsa, Balcão) is Brazil's main stock exchange, formed in 2017 through the merger of São Paulo's securities, futures and commodities exchanges. It is one of the largest market infrastructures in the world and the first in Latin America to list a spot Bitcoin exchange-traded fund (ETF).
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.