According to a report by CoinDesk on December 24th, TechFlow TechFlow reported that the UK Financial Conduct Authority (FCA) has approved Avian Labs' crypto payment app, Sling Money, to offer crypto services in the UK, making it one of the crypto payment companies to receive regulatory support in a major jurisdiction. The app is currently in closed beta testing in the UK and has previously received regulatory approvals in the Netherlands and the US.
The UK's FCA has approved Sling Money to offer crypto payment services, granting regulatory approval for cross-border stablecoin transfers.
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