0
0
The UK Financial Conduct Authority has once again made headlines. This time, itās targeting Retardio, a Solana-based memecoin thatās been gaining attention. While the FCA warns users to steer clear, the project doesnāt seem too bothered. Letās break it down.
The FCA issued a warning about Retardio, saying the project isnāt authorized to promote financial services in the UK. This means that Retardio might be playing outside the rules. According to the authority, citizens should only deal with approved firms. Why? Because if something goes wrong, thereās no backup plan.
If Retardio suddenly crashes, UK users wonāt have protection under the Financial Services Compensation Scheme (FSCS). In simple words, you wonāt get your money back. The FCA reminded everyone to check their registry before dealing with crypto projects.
The UKās financial regulator has issued a warning against āRetardioā pic.twitter.com/A21wMMXNTh
ā db (@tier10k) December 16, 2024
But hereās where things get spicy. Retardio didnāt sit quietly after the FCA warning. Instead, they responded with memesāyes, memes! One of them featured Jeff Bezos dressed like a clown. The project even joked that the āBezos Cabalā was sending their regards.
The Retardio team knows how to keep it light, and their loyal community is eating it up. Theyāve got over 11,000 members on Telegram and a growing fanbase. Memecoins thrive on hype, and even FCA warnings can fuel the fire.
This isnāt the first time the FCA has stepped in on crypto matters. Recently, the regulator has been proposing stricter rules to keep the digital asset world in check. Theyāve rejected 86% of crypto applications, proving theyāre serious about who gets a green light.
The FCA also banned the launchpad Pump.fun earlier this month for the same reasonāunauthorized activity. It seems the watchdog wants to send a clear message: play by the rules or face the consequences.
Even after the FCAās concerns, Retardio isnāt slowing down. Its Solana-based token is still trading actively, and the projectās NFT collection is booming. Reports show that the Retardio NFTs have already raked in $31 million in lifetime sales.
The projectās market cap stands strong at $87 million, with a token price hovering around $0.08. If anything, the FCAās warning might have given Retardio more publicity. Thatās the magic of memecoinsāno such thing as bad press.
The FCA might not be Retardioās biggest fan, but the memecoin community isnāt backing down. With Solanaās speed and memesā viral power, Retardio continues to win hearts.
Whether youāre cheering for the FCA or Retardio, one thing is clear: crypto is never boring.
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio youāre using to start.
0
0
