Aave Labs announced on May 28 that its two subsidiaries located in the United Kingdom, Push Labs Ltd. and Push Virtual Assets Ltd., have been granted registration by the Financial Conduct Authority (FCA) to operate as crypto asset exchange providers in the UK.
The approval also gives the firms permission to issue electronic money under the UK’s Electronic Money Regulations 2011.
Aave Pushes Deeper Into Regulated Crypto Services
In a post published on X, Aave said the approvals would allow “regulated cryptoasset activities and payments infrastructure” in the UK, including stablecoin on- and off-ramping services.
The companies were assigned firm reference numbers 1031720 and 1031721, while Push’s electronic money authorization carries reference number 900984.
According to Aave founder Stani Kulechov, the setup will allow users to move fiat currency directly into the Aave ecosystem through what he described as a “vertically integrated zero-fee on-ramp.”
He also linked the FCA
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