Policy & Regulation
Retardio memecoin ‘not authorised’ by UK FCA
Credit : cryptonews.net
The UK’s Monetary Conduct Authority (FCA) has warned that Retardio, a extremely offensive Solana-based memecoin and NFT undertaking, is “not approved” by the regulator.
Retardio responded by posting a meme depicting Jeff Bezos in clown make-up.
It seems the token has no purpose to exist aside from to permit a contingent of Solana-based cryptocurrency merchants an asset to invest on.
Following the FCA’s announcement, the token’s value was boosted, based on information from DexScreener. The full market capitalization for the undertaking has elevated once more $100 million breached.
The FCA has been attempting to focus extra on crypto and at the moment requested for trade suggestions on its new dialogue paper on the regulation of the area.
Learn extra: TikTok is accused of appearing as a crypto trade in Britain, the report mentioned
Moreover, the FCA has expanded its cryptocurrency-focused workers this 12 months. The variety of these has now reportedly reached triple figures and the quickest rising workforce is the coverage workforce.
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