Bitcoin Updates Today: Relai Secures MiCA License: Connecting Bitcoin’s Decentralized Nature with European Union Regulatory Standards
- Swiss Bitcoin app Relai secured EU's MiCA license, enabling regulated services across France and EEA via passporting rules. - The license allows SEPA payments, higher trading limits, and self-custody solutions, aligning with Bitcoin's decentralized ethos. - Relai's early compliance creates competitive advantage as MiCA standardizes crypto regulations, potentially attracting institutional investors. - With 500K downloads and $1B trading volume, the app plans European expansion through education and securi
Swiss
With the MiCA license, Relai is now authorized to provide services such as SEPA (Single Euro Payments Area) transactions, increased euro trading thresholds, and self-custody solutions for Bitcoin, which aligns with its goal of offering secure, user-managed access to the cryptocurrency, as noted by coinotag. Thanks to the EU’s passporting provisions, Relai can now make its services available in all 27 EU countries without dealing with separate national regulations, a benefit also mentioned by financefeeds. The app, which secured $12 million in Series A funding at the end of 2024, has already surpassed 500,000 downloads and reached $1 billion in trading activity, according to
Relai’s self-custody approach, which lets users maintain control over their private keys, sets it apart from conventional custodial exchanges. This model is in line with Bitcoin’s decentralized philosophy and addresses increasing worries about the security risks of centralized exchanges, as described in coinotag’s report. The MiCA license also allows Relai to introduce features such as automated investment plans and greater pricing transparency, according to
This approval comes as more crypto companies seek MiCA compliance. Blockchain.com, for example, recently obtained a similar license in Malta, as reported by coinotag, while Coinbase and Bitstamp have also navigated the MiCA regulatory landscape. For Relai, the license strengthens its commitment to focusing solely on Bitcoin, simplifying its operations compared to platforms that support multiple assets, as noted by financefeeds.
Julian Liniger, co-founder and CEO of Relai, commented on the achievement: “We’re extremely proud to be among the first Bitcoin firms to receive the MiCA license and look forward to launching in France first, followed by the rest of Europe,” he stated, according to coinotag. Adem Bilican, Relai EU co-founder, described the license as a “major breakthrough for the entire Bitcoin sector,” emphasizing the company’s mission to make Bitcoin accessible to everyone, as reported by coinotag.
The timing of Relai’s approval is significant. MiCA, which took effect in 2024, is designed to create consistent crypto regulations across the EU and protect consumers, as explained by coinotag. By achieving compliance ahead of many competitors, Relai secures a strategic advantage in a market where regulatory certainty is vital for expansion, a point highlighted by financefeeds. Experts believe that MiCA’s rollout could encourage traditional financial institutions to enter the crypto space, further establishing Bitcoin as a legitimate investment, according to coinotag.
Relai’s growth strategy includes launching localized educational resources, organizing Bitcoin events throughout Europe, and strengthening its security protocols, as detailed in a Morningstar report. The company also revealed the creation of an advisory board made up of industry experts to help steer its development, per Morningstar. With the MiCA license secured, Relai is well-positioned to meet the rising demand for regulated crypto services, especially as institutional interest in Bitcoin continues to grow.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BNB News Update: Clearer Regulations Boost Altcoin Confidence as Major Institutions Invest Billions
- Trump's pardon of Binance founder Zhao sparks 3.6% BNB surge to $1,121, signaling potential altcoin supercycle amid regulatory clarity and institutional adoption. - BNB's Coinbase/Rollinhood listing and $5.3M BNB acquisition by Applied DNA highlight growing institutional confidence in altcoin yields and market accessibility. - Upcoming Fed rate cuts and ETF approvals could accelerate crypto adoption, though Bitcoin's 60% dominance may temporarily cap altcoin gains. - Market infrastructure expansion (IBM'

Bipartisan Crypto Legislation Nearly Complete, Senate Disagreements on DeFi Postpone Final Decisions
- Coinbase CEO Brian Armstrong claims U.S. crypto legislation enjoys 90% bipartisan support, with key bills like CLARITY Act nearing Senate approval by year-end. - Political tensions persist over DeFi regulation and stablecoin oversight, with Senate deadlines looming and Trump-backed crypto projects facing scrutiny from Warren and Tillis. - Coinbase partners with Citi to expand stablecoin-driven institutional payments, aiming to modernize global finance through cross-border digital asset solutions. - Stabl

DeFi Faces a Major Challenge: dYdX Suggests $462K Payout Following Oracle Disruption
- dYdX proposes $462,000 compensation from its insurance fund for traders impacted by a 10 October chain outage caused by oracle and validator failures. - The outage triggered $19B in liquidations, exposing DeFi vulnerabilities in oracle dependencies and validator coordination during high-volatility periods. - Binance separately offered $728M in relief measures for affected traders, emphasizing market stability without accepting liability for losses. - Experts highlight 20-30% amplified losses during outag

Hong Kong's $4 Billion Bond Boom and $1.59 Billion Equity Influx Reinforce Its Status as a Leading International Financial Hub
- China's Ministry of Finance issues $4B USD-denominated sovereign bonds in Hong Kong, boosting offshore liquidity and yield curve reliability for global investors. - Sany Heavy Industry raises $1.59B via Hong Kong listing, contributing to a 3x surge in year-to-date capital raisings ($23B) as firms leverage relaxed cross-border investment rules. - Hong Kong's dual role as China's offshore capital gateway is reinforced through sovereign bond sales and corporate listings, signaling confidence in attracting f
