Bitcoin-only app Relai gets EU green light under MiCA

Bitcoin-only app Relai gets EU green light under MiCA

By Cointelegraph
Switzerland's BTC-only investment app, Relai, has obtained a MiCA license in France, aiming to bring Bitcoin to as many people as possible.

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Switzerland-based Bitcoin investment app Relai has secured a groundbreaking MiCA (Markets in Crypto-Assets) license in France, marking a significant milestone for Bitcoin-only cryptocurrency platforms in the European Union. This regulatory approval positions Relai as one of the first BTC-focused investment applications to operate under the EU's comprehensive digital asset framework.

The MiCA license enables Relai to expand its Bitcoin investment services across European markets, potentially accelerating mainstream cryptocurrency adoption. As a Bitcoin-only platform, Relai differentiates itself from multi-asset crypto exchanges by focusing exclusively on BTC accumulation strategies for retail investors.

This regulatory green light comes amid increasing institutional acceptance of Bitcoin and growing demand for compliant cryptocurrency investment solutions. The MiCA framework, designed to harmonize crypto regulations across EU member states, provides legal clarity for digital asset service providers while protecting investors.

Relai's mission to democratize Bitcoin access aligns with broader trends toward simplified cryptocurrency investing. The company's regulatory compliance could attract risk-averse investors seeking exposure to Bitcoin through legitimate, supervised channels. This development may encourage other Bitcoin-focused platforms to pursue MiCA licensing, potentially reshaping Europe's cryptocurrency investment landscape.

Article Details

Market Sentiment
neutral
Category
bitcoin
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Bitcoin

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Source: Cointelegraph

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