Aave Secures FCA Approval for UK Crypto Operations
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On May 28 Aave Labs announced that its UK subsidiaries Push Labs Ltd. and Push Virtual Assets Ltd. received FCA registration to operate as crypto asset exchange providers in the UK and permission to issue electronic money under the Electronic Money Regulations 2011. The regulatory approval strengthens compliance and adoption prospects for Aave's ecosystem, improving institutional access and on ramps for crypto, DeFi and regulated exchange services.
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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.
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