Key Points:- Relai obtains MiCA license from French AMF.
- Allows regulated Bitcoin services in the EU.
- Supports European Bitcoin adoption growth.
Swiss Bitcoin-only app Relai has secured a MiCA (Markets in Crypto-Assets) license from the French Financial Markets Authority, marking a key milestone for Bitcoin regulation across Europe.
This advancement enables Relai to offer regulated Bitcoin services throughout the EU, fostering wider Bitcoin adoption and potentially boosting local trading volumes.
Relai, a
Swiss Bitcoin-only application, has secured a significant milestone by obtaining the MiCA license from the French Financial Markets Authority (AMF), allowing the company to offer regulated Bitcoin services across the European Union.
Under the leadership of Julian Liniger, CEO, and co-founder, Relai emphasizes the expansion to France and potentially all 27+ EEA states, enhancing its presence and services in the European market. Liniger stated, "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."
The license acquisition is expected to have immediate effects on the European Bitcoin market, increasing user access to the self-custody Bitcoin services provided by Relai. It may also enhance the platform's competitive edge.
Relai, which only deals with Bitcoin, could see increased transaction limits and more seamless payments for European users, potentially boosting Bitcoin's market reach within the region.
Given its focus on Bitcoin, Relai sets itself apart from other crypto platforms that offer a variety of digital assets. This license could lead to new financial models within the single market ecosystem.
Relai's MiCA approval could spearhead a broader regulatory acceptance, possibly driving a surge in regional Bitcoin adoption and institutional involvement. The license aligns with historical precedents where regulatory clarity led to increased market participation.
Read original article on aicryptocore.com
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