Swiss Bitcoin-only funding app Relai is the newest Crypto Asset Service Supplier (CASP) to obtain approval beneath the European Union’s Cryptocurrency Regulatory Framework.
France’s monetary market regulator, the Monetary Markets Authority (AMF), issued a Crypto Asset Market Regulation (MiCA) license to Relai on Thursday, based on official data.
“We’re very proud to be one of many first Bitcoin firms to obtain a MiCA license, and we stay up for increasing into France first and Europe as a second step,” Relai co-founder and CEO Julian Liniger mentioned in an announcement shared with Cointelegraph on Friday.
Relai, based in Zurich in 2020, operates a devoted Bitcoin (BTC) platform that options self-custodial BTC shopping for, promoting, and financial savings, permitting customers to independently handle their holdings.
Breakthrough for the Bitcoin trade in Europe
Acquiring the MiCA license will permit Relai to introduce a number of regulated providers associated to Bitcoin investing into its app.
This license empowers Relai to assist SEPA funds inside the EU and supply larger transaction limits in opposition to the euro.
Relai’s MiCA license is a significant development not just for the platform, but in addition for all the Bitcoin trade throughout Europe, mentioned Relai’s EU co-founder Adem Billican.
Relai co-founders Julian Liniger (left) and Adem Billican. Supply: Relay
“Our purpose is evident: to convey Bitcoin to as many individuals as attainable: easy, safe and controlled,” Billican mentioned.
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The acquisition of the MiCA license is consistent with Relai’s roadmap, with beforehand introduced licensing plans following the corporate’s $12 million Sequence A funding spherical led by US enterprise capital agency Ego Demise Capital in late 2024. Further backers embrace Plan B Bitcoin Fund, Timechain, and Solit Group.
This information comes a day after Blockchain.com, one of many oldest crypto platforms working wallets and blockchain explorers, introduced that it had obtained a MiCA license from the Malta Monetary Companies Authority.
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