The UK’s Monetary Conduct Authority (FCA) has issued a warning that Retardio, a grossly offensive Solana-based memecoin and NFT undertaking, “is not authorised” by the regulator.
Retardio responded by posting a meme that depicts Jeff Bezos in clown make-up.
It seems that the token has no motive to exist besides to permit a contingent of Solana-based cryptocurrency merchants an asset on which to invest.
Following the announcement from the FCA, the token’s worth was buoyed, based on knowledge from DexScreener. The entire market capitalization for the undertaking has once more breached $100 million.
The FCA has been making an attempt to focus extra on crypto, asking at present for business suggestions on its new dialogue paper rules for the house.
FCA tackles ‘operational backlog’ with 100 crypto employees
Learn extra: TikTok accused of working as crypto trade within the UK, report
Moreover, the FCA has grown its cryptocurrency-focused employees this 12 months. Its quantity has now reportedly reached triple digits and its fastest-growing group is the the coverage group.
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The publish Retardio memecoin ‘not authorised’ by UK FCA appeared first on Protos.
