Sling Money Receives Green Light from the British Regulator for Crypto Service Expansion

The Sling Money platform has reached an important milestone for its European growth: recognition by the UK Financial Conduct Authority (FCA). With this approval, the company behind the project is authorized to offer full cryptocurrency services in the UK market, consolidating its global regulatory expansion strategy.

This move comes shortly after Dutch regulators granted a license in April, signaling a trajectory of compliance and acceptance by European financial authorities. This is a positive sign for the cryptocurrency industry in traditional jurisdictions.

Features and Geographic Coverage

The platform stands out for offering a simplified transaction experience with stablecoins USDP and EURC built on the Solana blockchain. Users can perform local and instant withdrawals in over 80 countries, reducing the typical frictions of traditional crypto operations.

This quick settlement capability and local access make a difference especially in emerging markets where the speed of fund movement is critical. Integration with Solana provides significant cost efficiency compared to other blockchains.

Next Steps

The app is in closed beta phase in the UK, allowing Sling Money to refine its infrastructure before public launch. This cautious approach aligns with current regulatory expectations and demonstrates a commitment to fully compliant operations.