Swiss pure Bitcoin investment app Relai obtains EU license under MiCA

ChainCatcher news, according to Cointelegraph, Swiss pure Bitcoin investment app Relai has become the latest crypto asset service provider (CASP) to be approved under the EU's crypto asset regulatory framework. Official records show that the French financial market regulator—the Autorité des Marchés Financiers (AMF)—issued a Markets in Crypto-Assets (MiCA) license to Relai on Thursday.

Founded in Zurich in 2020, Relai operates a pure Bitcoin platform that offers buying, selling, and storage services for Bitcoin, using a self-custody model that allows users to have complete control over their assets. With the MiCA license, Relai can launch several regulated services related to Bitcoin investment on its app. With this license, Relai is authorized to support Single Euro Payments Area (SEPA) payments within the EU and provide higher euro transaction limits.