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 price was buoyed, in response to knowledge from DexScreener. The full market capitalization for the undertaking has once more breached $100 million.
The FCA has been attempting to focus extra on crypto, asking right this moment for trade suggestions on its new dialogue paper laws for the house.
Learn extra: TikTok accused of working as crypto trade within the UK, report
Moreover, the FCA has grown its cryptocurrency-focused employees this yr. Its quantity has now reportedly reached triple digits and its fastest-growing workforce is the the coverage workforce.
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