Bitcoin-only app Relai gets EU green light under MiCA
Bitcoin-only app Relai secured a MiCA license in France, enabling regulated services across the EU.Summary
Switzerland's Bitcoin-only investment app, Relai, has been granted a Markets in Crypto-Assets Regulation (MiCA) license by France's financial markets regulator, Autorité des Marchés Financiers (AMF). This approval makes Relai one of the first Bitcoin companies to receive the MiCA license, allowing it to expand regulated services into France first, followed by the rest of Europe. Founded in Zurich in 2020, Relai focuses on self-custody Bitcoin buying, selling, and saving. The license permits the app to support SEPA payments within the EU and offer increased trading limits against euros, marking a significant breakthrough for the Bitcoin industry in Europe. This regulatory step aligns with Relai's roadmap, which included plans to obtain the license following its $12 million Series A funding round in late 2024.
(Source：Cointelegraph)