UK FCA approves Sling Money to provide crypto payment services, stablecoin cross-border transfers gain regulatory recognition

According to TechFlow, on December 24, CoinDesk reported that the UK Financial Conduct Authority (FCA) has approved Avian Labs' crypto payment app Sling Money to provide crypto services in the UK, making it one of the crypto payment companies to receive regulatory support in major jurisdictions. The app is currently in closed testing in the UK and has previously obtained regulatory approval in the Netherlands and the United States.