Pump.Fun Is Now Officially Banned In The UK

The post Pump.Fun Is Now Officially Banned In The UK appeared first on Coinpedia Fintech News

In a surprising development for users, Solana-based meme coin marketplace Pump.Fun is now officially banned in the UK. Users attempting to access the platform are greeted with a “restricted jurisdiction” message, marking a sudden halt for one of the year’s breakout platforms. The UK’s FCA flagged the platform earlier this week, stating it was “providing or promoting financial services or products without permission.” The ban follows increasing scrutiny of unregulated crypto activities in the region. The platform has generated over $250 million in user transactions, underscoring its popularity before the ban.