Aave Labs’ Push Gains UK FCA Crypto Registration
Cointelegraph
Aave Labs' subsidiary, Push, has secured UK FCA registration to develop regulated stablecoin on- and off-ramping infrastructure.Summary
Aave Labs' subsidiaries, Push Labs Ltd. and Push Virtual Assets Ltd., have successfully registered with the UK's Financial Conduct Authority (FCA) as cryptoasset exchange providers. This regulatory approval enables the decentralized finance protocol to build infrastructure for converting between euros and stablecoins without fees. While the platform currently operates in Ireland, this move aligns with Aave's broader strategy to expand its reach and prepare for the UK's upcoming comprehensive crypto regulatory framework under the Financial Services and Markets Act.
(Source：Cointelegraph)