Aave Labs Secures UK Regulatory Approval for Cryptoasset Exchange and E-Money Services
Aave Labs Secures UK Regulatory Approval for Cryptoasset Exchange and E-Money Services
🇬🇧 Aave gets UK license
Aave Labs' UK subsidiaries have received regulatory approval from the Financial Conduct Authority (FCA).
Push Labs Ltd. and Push Virtual Assets Ltd. (collectively "Push by Aave Labs") are now registered as cryptoasset exchange providers in the UK. The approval includes:
- Registration as a cryptoasset exchange provider
- Authorization under the Electronic Money Regulations 2011 (firm reference: 900984)
- Permission to issue electronic money
These regulatory permissions enable Push by Aave Labs to operate cryptoasset activities and payments infrastructure in the UK market.
The company plans to offer zero-fee stablecoin on/off-ramping services as part of its strategy to onboard the next million users through regulated financial products.
The FCA approval represents a significant milestone for Aave Labs' expansion into regulated financial services within the United Kingdom.
Together, these UK regulatory permissions support the continued development of financial products and services across the Aave Labs group.
Aave Labs’ UK subsidiaries Push Labs Ltd. and Push Virtual Assets Ltd. (together “Push”) have received approval from the UK’s Financial Conduct Authority (FCA) to register as a cryptoasset exchange provider in the UK.
In addition to its cryptoasset registrations, Push by Aave Labs is authorised by the FCA under the Electronic Money Regulations 2011 (firm reference number: 900984) for the issuing of electronic money.
These permissions allow Push by Aave Labs to operate regulated cryptoasset activities and payments infrastructure in the UK. Aave Labs is building for the next million users, and regulated products with zero-fee stablecoin on/off-ramping are necessary to do it.
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