Aave subsidiary Push approved by FCA to become a cryptocurrency trading service provider in the UK

Aave Labs' UK subsidiaries Push Labs Ltd and Push Virtual Assets Ltd have been approved by the UK's Financial Conduct Authority (FCA) to register as local cryptocurrency trading service providers. Aave stated that these licenses allow Push to conduct regulated cryptocurrency and payment-related businesses in the UK.

In addition to cryptocurrency registration, Push has also been approved to issue electronic money under electronic money regulations. The two companies have been assigned FCA registration numbers 1031720 and 1031721, with anti-money laundering regulations applicable under the "2017 Anti-Money Laundering and Transfer of Funds Regulations."