Sling Money Wins FCA Approval After MiCA License, Eyes Europe
Avian Labs, the company behind crypto payments service Sling Money, received approval to operate as a crypto services provider from the U.K.’s Financial Conduct Authority, expanding its reach in Europe after securing a license from the Dutch regulator in April.
The approval places the person-to-person payments app among a growing cohort of crypto payments firms gaining regulatory backing in major jurisdictions as stablecoin-based transfers become more popular as an alternative to traditional cross-border payments. The expansion comes amid heightened scrutiny of crypto services that increasingly resemble mainstream financial infrastructure.
The app, which allows users to transact with Paxos’ dollar stablecoin, USDP, and Circle…
