Aave Labs is about to launch a free on and off-ramping stablecoin service, including GHO, on its products in the European Economic Area (EEA) through the new Push service.
This service is operated by Push Virtual Assets Ireland Limited, a subsidiary of Aave Labs, which has been licensed as a crypto service provider (CASP) by the Central Bank of Ireland under the EU Digital Assets Market Regulation (MiCAR). This helps Aave Labs become one of the first DeFi innovators in Europe operating under the new legal framework.
With the MiCAR license, Push will provide regulated, safe, and free on/off-ramp stablecoin services, allowing users to easily convert between euros and digital assets according to the new standards for consumer protection and transparency.
Aave Labs chooses Ireland as the EEA operational hub to build legal compliance roadmaps, connecting users to DeFi safely. The license only applies to services managed by Push, while Aave Protocol continues to operate in a decentralized and open manner on public blockchains.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
