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UK warns Premier League clubs that crypto sponsors could risk legal issues

The UK’s financial watchdog warned Premier League clubs that partnerships with unauthorised crypto firms might lead to legal trouble.

Retardio memecoin ‘not authorised’ by UK FCA

The United Kingdom’s Financial Conduct Authority has issued a warning that Retardio “is not authorised” by the regulator.

The UK’s Financial Conduct Authority told UK users to avoid Pump Fun after warning it is not an authorized crypto firm.

A letter to the UK’s FCA claims that because TikTok is not registered with the regulator, it is at risk of being used for illicit activities.

Starling banned crypto transactions in 2022, describing them as “high risk and heavily used for criminal purposes.”