Aave Labs announced that its UK subsidiaries, known as Push, have received approval from the UK's Financial Conduct Authority to operate as a registered cryptoasset exchange provider. Push is also authorized under the Electronic Money Regulations for issuing electronic money. The approvals enable Aave Labs to build regulated payments infrastructure in the UK.

Aave plans to offer a zero-fee fiat on-ramp, allowing users to move money from their bank account directly into Aave without leaving the app. Aave Labs also has a CBI MiCA license in the EU and EEA.

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