Relai, a Swiss Bitcoin-only application, has achieved a significant milestone by securing a MiCA Markets in Crypto-Assets license from the French Financial Markets Authority. This development marks a pivotal moment for the company as it aims to enhance Bitcoin adoption across the European Union. According to analysts cited in the report, the outlook is promising.
Relai Secures MiCA License for Bitcoin Services in the EU
With the newly acquired license, Relai is now positioned to offer regulated Bitcoin services throughout the EU, which could lead to increased trading volumes and user engagement. Under the guidance of CEO Julian Liniger, the company plans to expand its operations into France and all 27 EEA states, solidifying its footprint in the European market.
CEO Julian Liniger's Vision for the Future
Liniger expressed his pride in being among the first Bitcoin companies to obtain the MiCA license, highlighting the immediate positive impacts anticipated on the European Bitcoin landscape. These include:
- improved access to self-custody services for users
- a strengthened competitive position for Relai
Impact of the MiCA License on the Bitcoin Ecosystem
The MiCA license is expected to pave the way for innovative financial models within the single market ecosystem, potentially driving a surge in regional Bitcoin adoption and attracting institutional interest in the cryptocurrency space.
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