PANews reported on December 24th that, according to CoinDesk, Avian Labs, the developer of Sling Money, has received approval from the UK Financial Conduct Authority (FCA) to operate as a cryptocurrency service provider. The app allows users to transfer funds via the Solana blockchain and offers instant local currency withdrawals in 80 countries. Sling Money is already regulated in the Netherlands and the US and is currently in closed beta testing in the UK.