Aave Labs Subsidiary 'Push' Receives FCA Crypto Approval in the UK
Finextra·low signal
Push Labs Limited and Push Virtual Assets Limited, both UK subsidiaries of DeFi protocol Aave Labs, received approval from the UK Financial Conduct Authority. This makes Aave one of the first major DeFi protocols to obtain full regulatory approval in a major financial jurisdiction. The approval covers crypto-asset activities and marks a precedent for how DeFi projects can operate within traditional regulatory frameworks.