According to BlockBeats news, on December 17, the UK Financial Conduct Authority (FCA) issued a warning stating that the Meme coin project Retardio in the Solana ecosystem is suspected of providing financial services without authorization. The FCA emphasized that users of the project will not be able to access the protection of the Financial Ombudsman Service and the Financial Services Compensation Scheme (FSCS).
The regulator advised investors to avoid interacting with the project and warned of fraud risks associated with its social media accounts.
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