The Financial Conduct Authority of the United Kingdom issued a warning on December 3 stating that they did not license Pump.fun.
Pump.Fun has been in a lot of trouble with the most important financial authority in the United Kingdom because they did not have a license to do business with clients in that country.
The United Kingdom’s Financial Conduct Authority issued a warning on December 3 stating that Pump.fun is not regulated by them and “may be targeting individuals in the UK.” That warning was published.
“It is possible that this company is offering or marketing financial services or goods without informing us of their intentions. You should steer clear of doing business with this company and be on the lookout for fraudulent schemes,” the regulatory body said.
At the time of Friday morning, Pump.fun had not yet issued a comment on either its X page or its Telegram channel.
As stated on the website of the Financial Conduct Authority (FCA), businesses that provide services linked to cryptocurrencies are required to register in the United Kingdom if they “come within the scope of the money laundering rules.” When things go wrong, the regulator said that individuals in the United Kingdom who use Pump.fun will not have certain rights, and it may be doubtful that they would get their money back.
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