FCA Sounds the Alarm on Retardio Solana Memecoin

Dec 17, 2024

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The UK Financial Conduct Authority has once again made headlines. This time, it’s targeting Retardio, a Solana-based memecoin that’s been gaining attention. While the FCA warns users to steer clear, the project doesn’t seem too bothered. Let’s break it down.

FCA Isn’t Happy With Retardio

The FCA a warning about Retardio, saying the project isn’t 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, there’s no backup plan.

If Retardio suddenly crashes, UK users won’t have protection under the Financial Services Compensation Scheme (FSCS). In simple words, you won’t get your money back. The FCA reminded everyone to check their registry before dealing with crypto projects.

The UK’s financial regulator has issued a warning against ‘Retardio’

— db (@tier10k)

Retardio Has Its Fun With the FCA

But here’s where things get spicy. Retardio didn’t sit quietly after the FCA warning. Instead, they responded with memes—yes, memes! One of them featured Jeff Bezos dressed like a clown. The project even joked that the “Bezos Cabal” was sending their regards.

The Retardio team knows how to keep it light, and their loyal community is eating it up. They’ve got over 11,000 members on Telegram and a growing fanbase. Memecoins thrive on hype, and even FCA warnings can fuel the fire.

The FCA Doubles Down on Crypto Rules

This isn’t 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. They’ve rejected 86% of crypto applications, proving they’re serious about who gets a green light.

The FCA also banned the launchpad Pump.fun earlier this month for the same reason—unauthorized activity. It seems the watchdog wants to send a clear message: play by the rules or face the consequences.

Retardio Keeps Rolling

Even after the FCA’s concerns, Retardio isn’t slowing down. Its Solana-based token is still trading actively, and the project’s NFT collection is booming. Reports show that the Retardio NFTs have already raked in $31 million in lifetime sales.

The project’s market cap stands strong at $87 million, with a token price hovering around $0.08. If anything, the FCA’s warning might have given Retardio more publicity. That’s the magic of memecoins—no such thing as bad press.

The FCA might not be Retardio’s biggest fan, but the memecoin community isn’t backing down. With Solana’s speed and memes’ viral power, Retardio continues to win hearts.

Whether you’re cheering for the FCA or Retardio, one thing is clear: crypto is never boring.

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