The UK’s Financial Conduct Authority (FCA) has issued a public notice against the Solana meme coin Retardio. The FCA alleges that Retardio may be offering or promoting financial services without proper regulatory authorization. This disqualifies investors from using the FCA’s complaint resolution and compensation schemes. Despite this, the token’s price surged 16%, with its market cap currently at $111 million after previously nearing $240 million. The Retardio community took to social media with memes and jokes.
The FCA had earlier issued a similar notice against Pump.fun. Additionally, on the same day, the FCA proposed tighter restrictions on public crypto offers, building on previous prohibitions and as part of plans to implement crypto regulations by 2025. Thought leaders have called for standardized digital asset frameworks in the UK, especially in light of Donald Trump’s re-election and the government’s significant Bitcoin holdings from criminal seizures.
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Pump.fun Blocks UK Traders After FCA Warning
