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Swiss Bitcoin Startup Relai Becomes Virtual Asset Service Provider

Bitcoin investing app Relai has develop into a regulated Virtual Asset Service Provider (VASP) in Switzerland, permitting it to present bitcoin brokerage providers to prospects within the nation and Europe, in accordance to a press launch despatched to Bitcoin Magazine. The startup, now a associate of the Financial Services Standard Association (VQF), will likely be in a position to present extra environment friendly order processing and stop reliance on third-party exchanges.

“We are excited to be one of the few Swiss bitcoin startups who are members of VQF, allowing us to build Europe’s leading bitcoin brokerage platform,” stated Julian Liniger, co-founder and CEO at Relai. “With our own broker, we will be able to set competitive fees, increase order efficiency, and build new products and services for our users.”

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