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Switzerland’s BTC-only concern app, Relai, has obtained a MiCA licence successful France, aiming to bring Bitcoin to arsenic galore radical arsenic possible.
Swiss Bitcoin-only concern app Relai is the latest crypto plus work supplier (CASP) to person support nether the European Union’s crypto regulatory framework.
France’s fiscal markets regulator, Autorité des Marchés Financiers (AMF), issued a Markets successful Crypto-Assets Regulation (MiCA) licence to Relai connected Thursday, according to authoritative records.
“We’re incredibly arrogant to beryllium 1 of the archetypal Bitcoin companies to get the MiCA licence and are anxious to grow to France archetypal and Europe successful a 2nd step,” Relai co-founder and CEO Julian Liniger said successful a connection shared with Cointelegraph connected Friday.
Founded successful Zurich successful 2020, Relai operates a Bitcoin (BTC)-only level that features buying, selling and redeeming BTC with self-custody, allowing users to instrumentality sole power of their holdings.
A breakthrough for Bitcoin manufacture successful Europe
The acquisition of a MiCA licence allows Relai to present respective regulated services related to Bitcoin concern connected its app.
With the license, Relai is authorized to enactment SEPA payments wrong the EU and connection higher trading limits against euros.
Relai’s MiCA licence is simply a large breakthrough not lone for the level but besides for the full Bitcoin manufacture crossed Europe, Relai EU co-founder Adem Bilican said.
Relai co-founders, Julian Liniger (left) and Adem Bilican. Source: Relai“Our extremity is clear: Bringing Bitcoin to arsenic galore radical arsenic possible. Simple, secure, regulated,” Bilican said.
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The MiCA licence acquisition aligns with Relai’s roadmap, arsenic antecedently announced plans to get the licence were made successful precocious 2024 erstwhile it raised $12 cardinal successful a Series A backing circular led by the US task superior steadfast Ego Death Capital. Additional backers included Plan B Bitcoin Fund, Timechain and Solit Group.
The quality came the time aft Blockchain.com, 1 of the oldest crypto platforms operating a wallet and a blockchain explorer, announced it had received a MiCA license from the Maltese Financial Services Authority.
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