Aave Gains MiCA Approval for Zero-Fee Crypto Conversions in Europe
Aave Labs has secured a landmark approval under Europe's Markets in Crypto-Assets (MiCA) regulation, becoming the first major DeFi project to operate regulated fiat-to-crypto services across the European Economic Area. The Central Bank of Ireland granted the license through Aave's subsidiary, Push VIRTUAL Assets Ireland Limited.
The approval enables Push to offer zero-fee conversions between euros and crypto assets, including Aave's native stablecoin GHO. This on-ramp/off-ramp service establishes a compliant bridge between traditional finance and digital assets, with Ireland emerging as a strategic hub for MiCA-regulated operations.
The development coincides with growing stablecoin demand and expanding DeFi liquidity. Kraken's recent MiCA authorization in Ireland underscores the region's accelerating crypto adoption under the new regulatory framework.
