NewsDialy
Here's What It Actually Means Good morning. If you saw "Aave" and "FCA" in the same headline and scrolled past, here is the quick version over coffee. Aave is one of the biggest names in decentralized finance, or DeFi.
Think of it as a giant lending pool on the blockchain where people can borrow and earn interest without going through a bank.
On May 28, two of Aave's UK arms, Push Labs and Push Virtual Assets, got the official thumbs up from the Financial Conduct Authority. That is the UK's main financial watchdog. So what does the approval actually unlock?
First, the firms can legally run crypto asset exchange services in the UK.
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