May 29
Aave Labs secures dual UK licenses for regulated crypto payments infrastructure through local subsidiary
Aave Labs has obtained FCA cryptoasset registration in the U.K. for its Push subsidiaries, unlocking zero-fee fiat on-ramps.
➤ Aave Labs' UK subsidiaries, Push Labs and Push Virtual Assets, have secured FCA registration as cryptoasset exchange providers, alongside existing Electronic Money Institution authorization. ➤ These approvals enable Aave Labs to offer zero-fee fiat on-and-off ramping services within the UK, integrating traditional finance with DeFi. ➤ This regulatory milestone complements Aave Labs' existing MiCA license in Ireland, strengthening its presence in the European regulated crypto market.