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Sling Money Wins U.K. FCA Green Light for Crypto Services

The authorization signals growing regulatory acceptance of stablecoin payment apps.

Overview

  • Avian Labs' Sling Money received approval to operate as a crypto services provider in the United Kingdom, with access limited to a closed beta for now.
  • The company obtained an EU MiCA license via the Dutch regulator in April, enabling passporting across the 30-country European Economic Area.
  • The app uses Paxos' USDP and Circle's EURC on the Solana blockchain to move digital dollars and euros in seconds.
  • Users can link bank accounts and withdraw instantly in local currencies across 80 countries through regulated payout partners.
  • Avian Labs is registered as a U.S. Money Services Business, placing Sling alongside a growing cohort of regulated crypto payment firms.