Aave Labs Expands UK Regulatory Footprint with FCA Registration

Aave Labs has made significant progress in its regulatory efforts, securing registration with the Financial Conduct Authority (FCA) for its two UK subsidiaries, Push Labs Limited and Push Virtual Assets Limited.

The registrations, which grant the entities permission to operate as cryptoasset exchange providers under UK anti-money laundering regulations, mark an important milestone for the company. This achievement builds on previous regulatory wins, including MiCAR CASP approval for Push's Irish subsidiary, which enables similar fee-free stablecoin services across the European Economic Area.

The dual authorization structure in place allows Aave Labs' subsidiaries to offer regulated crypto exchange services and electronic money capabilities, as well as zero-fee stablecoin on- and off-ramping. This development creates a foundation for delivering innovative, fee-free onchain consumer financial products, according to Stani Kulechov, Founder and CEO of Aave Labs.