The FCA is the Financial Conduct Authority of the United Kingdom. The United Kingdom-based company is currently warning customers in the country about the Solana-based Retardio project. This organization has issued a warning, as if United Kingdom's Financial Conduct Authority Warns To Avoid Solana-Based Memecoin. Solana-based Meme Coin has raised concerns about unauthorized financial promotions and activities targeting UK customers. FCA has therefore posted a warning against the Retardio scheme to warn consumers. They posted warnings that Solana-based Meme Token could offer or promote financial services without the regulator's permission.
The watchdog also reminded consumers to avoid engaging in such transactions and only transact with FCA-approved firms to ensure adequate protection. The Retardio project has a collection of Solana-based non-fungible tokens (NFTs). It's even alleged to have earned $31 million in Satanic lifetime sales. Solana-based MemeCoin originally traded under the ticker Retardio. This meme coin is worth about $0.08 with a market capitalization of about $87 million.
UK-based users are cautioned not to engage in financial services with these Solana-based Meme Coins at present, and they have warned that customers dealing with the Retardio project will not have access to financial ombudsman services. which resolves complaints between consumers and financial services businesses. Even if any customers are included in the service, those customers will not be protected by the Financial Services Compensation Scheme, the UK financial services company said. A service that protects customers when financial institutions go out of business.
The FCA issued a warning to exercise caution regarding this Solana-based meme coin scheme and urged its citizens to deal with authorized entities. They also issued a warning to their country's citizens, saying that there is greater protection for consumers when an authorized company makes a mistake. Users can check their registry to make it easy for customers to understand which companies or services are approved. He urged citizens to check which companies are authorized in the country and to report unauthorized companies by contacting official channels. While MemeCoin and NFT projects have reacted to the FCA with irony, the UK's financial regulator has issued a warning against it.
Upvoted! Thank you for supporting witness @jswit.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
tweet link
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Task proofs:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It is a great article of United Kingdom's Financial Conduct Authority Warns To Avoid Solana-Based Memecoin!.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit