Aave Labs' UK subsidiaries received FCA cryptoasset registration, complementing its Irish license. This enables zero-fee fiat-to-stablecoin services via the Push protocol, designed as a regulated gateway to Aave's lending market.
Vietnam's Ministry of Finance proposed allowing SMEs to use digital assets, virtual assets, and intellectual property as collateral for bank loans, aiming to boost credit access for startups and tech companies.
Ahead of the June 3 local elections, a political dispute has intensified over allegations that the spouse of People Power Party's Incheon mayoral candidate Yoo Jeong-bok failed to report virtual assets. The opposition Democratic Party has filed a police complaint, calling it "intelligent asset concealment."
Brazil's central bank has published Resolution BCB No. 561, prohibiting virtual assets in cross-border eFX payments. The rule requires payments between eFX providers and foreign counterparties to use only foreign exchange transactions or non-resident Brazilian real accounts. The restriction applies to eFX providers not yet approved, who must apply for authorization by May 31, 2027. The resolution does not ban crypto transfers outright but closes the regulated eFX channel to crypto and stablecoins, addressing concerns that 90% of crypto flows are linked to stablecoins.
