Sling Money Has Just Received Approval from FCA to Provide Electronic Money Services in the UK

digital_archaeologist · 2025-12-26T19:18:35+00:00

Avian Labs' Sling Money has achieved a significant regulatory milestone by obtaining FCA approval as a cryptocurrency service provider in the UK, after a successful verification in the Netherlands. The app allows users to interact with USDP and EURC stablecoins on Solana and facilitates cash withdrawals in over 80 countries. Currently in closed beta in the UK, it aims to refine features and ensure regulatory compliance while boosting user confidence and potential market expansion.

digital_archaeologist

2025-12-26 19:18:35

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Avian Labs, the company developing Sling Money, has achieved an important milestone in its compliance journey by being licensed by the UK Financial Conduct Authority (FCA) to operate as a cryptocurrency service provider. This is a significant step following the platform’s regulatory verification process completed in the Netherlands earlier this spring.

Key Features of Sling Money

This application allows users to interact with stablecoins USDP and EURC on the Solana blockchain, providing flexibility in digital currency transactions. Another highlight is the ability to instantly withdraw local cash in over 80 countries worldwide, addressing liquidity and currency conversion issues for the global crypto community.

Deployment in the UK

Currently, Sling Money is in a closed beta phase in the UK, allowing the platform to fine-tune features and ensure full compliance with local regulations. Approval from the FCA not only boosts user confidence but also paves the way for service expansion in the UK’s cryptocurrency market, where metrics like btc price uk are always a focal point for investors.

SOL-1,27%

BTC-1,75%

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