In the past weeks, we mentioned that cryptocurrency investors may have problems with the steps to be taken in some gray areas. Significantly supporting activity and increasing liquidity on the Solana network Pumpfun platform was also one of the risky smart contracts. solana A new decision was taken today in favor of the network.
Solana News
solana meme coin creation platform, which is one of the fuel sources of the network FCA Banned by. We have seen nonsense in live broadcasts on platforms where people threaten to kill themselves and threaten viewers. Although the live broadcast section was subsequently closed, the platform, which turned into an online casino, turned into a problematic place where useless tokens caused losses to investors.
In its announcement today, the UK regulator wrote:
“This company may be providing or promoting financial services or products without our permission. You should avoid doing business with this company and be careful about scams. Almost all firms and individuals must be authorized by us to carry out or promote financial services in the UK. This company is not authorized by us and may be targeting people in the UK.
Some companies may provide incorrect contact information, including postal addresses, phone numbers and email addresses. They may change this contact information over time.
They may also give you information about another business or individual to make the information appear real.
What does this mean for you
If you do business with this company you will not have access to the Financial Ombudsman Service should you have a complaint.
You also won’t be protected by the Financial Services Compensation Scheme (FSCS) if things go wrong. This means you are less likely to get your money back if the firm goes bankrupt.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
