Aave Labs Push Gets FCA Registration as UK Crypto Rules Tighten

Aave Labs has reached a key regulatory milestone in the UK after its subsidiaries, Push Labs Ltd. and Push Virtual Assets Ltd. (collectively known as Push), secured registration with the Financial Conduct Authority (FCA) as cryptoasset exchange providers under existing anti-money laundering rules.

FCA Approval Supports Stablecoin Infrastructure Plans

The approval covers “certain cryptoasset activities” and allows Push to build regulated infrastructure for moving between euros and stablecoins. The platform is designed as a non custodial service, meaning it does not hold user funds, with assets sent directly to users’ wallets.

Push describes its service as a simple way to convert between fiat and stablecoins with no platform fees or spreads. The company is currently live in Ireland and plans expansion across the European Economic Area (EEA).

The FCA registration has been active since May 12, according to the UK regulator’s public registry.

UK Crypto Regulation Timeline and Market Impact

The development comes as the UK moves toward full crypto regulation under the Financial Services and Markets Act, expected to take effect in October 2027. Once active, firms will need full FCA authorization to operate, and current AML registrations will not guarantee approval.

Aave is one of the largest decentralized finance protocols, with about $13.6 billion in total value locked (TVL). The Push initiative is part of Aave Labs’ strategy to scale regulated stablecoin on- and off-ramping for wider adoption, alongside broader expansion efforts funded by recent DAO allocations.