Adapting to change - Why Relai has to go full KYC - @julian_liniger

Two years of fighting legal battles with Swiss Regulators.
$ BTC 61,728
Block Height 855,188
Today's guest on the show is @julian_liniger the Co-Founder and CEO of @Relai_app - a self-custodial #bitcoin-only app from Switzerland.
Why did ⁠@Relai_app⁠ recently announce the unfortunate news that they have had to bow to Swiss regulations in order to stay operational?
What twists and turns have happened over the last two years whilst struggling with regulators to remain KYC 'light'?
How has #Bitcoin been treated unfairly versus other investable assets by the regulators and what should we be more awar of?
What is on the horizon now for other companies that want to start offering #Bitcoin services in Switzerland and the EU?
A huge thank you to Julian for coming on the show to explain what has been happening behind the scenes!
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[@Royorg-qf5jq]

I would relocate from Switzerland to El Salvador.

[@JeThoreau_]

This is sad to hear… KYC is the illicit activity, and politicians are the worst criminals of all.
I get why Relai is doing what it needs to do to survive, but this is a significant tradeoff. Bitcoin loses a lot of what makes it so important if it’s fully tracked