Sling Money Secures UK Regulatory Clearance, Strengthens European Operations

Crypto payment platform Sling Money, operated by Avian Labs, has obtained regulatory authorization from the UK’s Financial Conduct Authority (FCA) to provide cryptocurrency services. This milestone comes after securing a license from Dutch regulators earlier in April, marking a significant expansion of the platform’s European footprint.

The approval highlights growing regulatory acceptance of stablecoin-based payment solutions in major markets. For users, this means Sling Money can now operate legally in the UK, where crypto adoption has been climbing alongside traditional financial market volatility—particularly as investors monitor assets like BTC price movements in the UK market.

What Sling Money Offers

The platform enables users to transact using USDP and EURC stablecoins directly on the Solana blockchain, combining speed with stability. A key feature is instant local currency withdrawals, supporting 80 countries and making cross-border transactions frictionless. The service is currently rolling out in the UK through a closed beta phase, allowing early users to test the platform before wider availability.

Why This Matters

Securing FCA approval signals that regulators are becoming more comfortable with decentralized payment infrastructure. For Avian Labs, it’s a validation of their compliance framework and positions Sling Money as a trusted player in regulated crypto services. As traditional finance grapples with payment infrastructure costs, stablecoin solutions like Sling’s offer a genuinely compelling alternative.

The dual licenses in the Netherlands and UK position Sling Money to capture growing demand for regulated, user-friendly crypto payment rails in Europe.