The Aave entity has been licensed as an electronic money Authority by the UK's Financial Regulatory Authority
BlockBeats - DeFi lending platform Aave's UK business entity has been licensed by the Electronic Money Agency (EMI). Aave Limited received approval on July 7, according to public information released by the UK's Financial Conduct Authority (FCA). This authorization allows licensed companies to provide services such as issuing digital cash substitutes and providing payment services.
Aave founder and CEO Stani Kulechov said the licensing request was first filed in 2018. "Our goal is to help the Aave ecosystem access payment accounts and in-flight users using DeFi."Aave's physical headquarters is in the UK, where trials of specific services will begin. Aave LTD has its own dedicated website and is based in London.
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