Swiss Bitcoin App Relai Secures MiCA License
- Relai secures MiCA license, expanding EU operations.
- MiCA license allows EU-wide service offering.
- Bitcoin-only app focuses on compliance and expansion.
Swiss Bitcoin-only app Relai has obtained a MiCA license from the French financial regulator, the AMF, enabling it to operate as a regulated Bitcoin service provider across the European Union.
This approval positions Relai at the forefront of Bitcoin adoption in Europe, highlighting its regulatory commitment amid increasing Bitcoin integration within financial institutions.
Lede
Swiss-based Relai, a Bitcoin-only financial platform, has secured a crucial MiCA license from the French financial regulator, AMF, authorizing it to operate across the EU. This strategic move marks an important step in Relai’s European expansion.
Nutgraph
Led by co-founder and CEO Julian Liniger, the company aims to make self-custody Bitcoin solutions more accessible. Liniger expressed enthusiasm about expanding first into France and subsequently across Europe, emphasizing the growing demand for regulated Bitcoin services.
Expanded Features with MiCA License
With the MiCA license, Relai can now introduce enhanced features and larger euro transaction limits across its services. This approval is a significant milestone for the European Bitcoin ecosystem, potentially increasing investor confidence.
Increased Market Reach
The license indicates a strengthened foothold for Relai, facilitating its expansion into European markets. This could drive significant growth in Bitcoin adoption across the region.
Strategic Funding Boost
Relai raised $12 million in a Series A funding round, supporting its goal of widespread EU distribution. The licensing allows Relai to expand its integrations and drive Bitcoin adoption, with anticipated regulatory-compliant growth.
“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. This is a big moment for Bitcoin adoption on the continent.” – Julian Liniger, Co-Founder & CEO, Relai
Strategic Alignment with Regulations
This licensing aligns Relai with other early movers benefiting from new regulatory environments . The MiCA approval signals potential financial benefits and greater market reach for Bitcoin-centric services across Europe.
