FCA issues warning, bans Pump.fun in the UK

The United Kingdom’s financial watchdog has blocked Pump.fun following a warning that the firm is not authorized in the country.

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The United Kingdom’s Financial Conduct Authority (FCA) has issued a warning about the memecoin generator platform Pump.fun, stating that the platform is not authorized to operate in the country. 

The warning, issued on Dec. 3, notes that the platform “may be providing or promoting financial services or products without our permission” in the UK.

The notice adds that customers dealing with Pump.fun won’t have access to consumer protections, such as the Financial Ombudsman Service or the Financial Services Compensation Scheme. The FCA said:

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