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Retardio memecoin ‘not authorised’ by UK FCA

Crypto & NFTsRetardio memecoin 'not authorised' by UK FCA

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 cause to exist besides to permit a contingent of Solana-based cryptocurrency merchants an asset on which to take a position.

Following the announcement from the FCA, the token’s value was buoyed, in accordance with information from DexScreener. The entire market capitalization for the undertaking has once more breached $100 million.

The FCA has been attempting to focus extra on crypto, asking at this time for business suggestions on its new dialogue paper rules for the house. 

FCA tackles ‘operational backlog’ with 100 crypto workers

Learn extra: TikTok accused of working as crypto trade within the UK, report

Moreover, the FCA has grown its cryptocurrency-focused workers 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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