Aave Labs has taken a significant step toward UK regulatory approval following the registration of its subsidiaries, Push Labs Ltd., and Push Virtual Assets Ltd. with the UK’ Financial Conduct Authority (FCA) as cryptoasset exchange providers. The approval gives its subsidiaries, operating under the Push by Aave Labs brand, the legal ability to perform regulated cryptoasset activities and payment infrastructure services in the UK. This news marks a notable milestone in the continuing integration of decentralized finance (DeFi) infrastructure with traditional regulated finance. Stick by Aave Labs has received authorisation as an electronic money institution, under the UK Electronic Money
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