๐จ Memecoin Factory Pump.Fun Bans U.K. Crypto Traders ๐ข
Solana's memecoin platform Pump .fun has blocked access to U.K. crypto traders, citing "laws and regulations" after the Financial Conduct Authority (FCA) warned that the platform might be offering financial services without permission. This geoblock was implemented three days after the FCA's warning. Since its launch earlier this year, Pump .fun has become a leading launchpad for memecoins on the Solana blockchain, generating over $250 million for its founders and spawning successful tokens like PNUT and WIF.
In response to the ban, memecoin traders began creating joke cryptocurrencies to mock the situation, though none had gained traction at the time of reporting.
