{"id":19297,"date":"2024-12-07T12:39:39","date_gmt":"2024-12-07T10:39:39","guid":{"rendered":"https:\/\/forklog.com\/en\/access-to-pump-fun-blocked-for-uk-users\/"},"modified":"2024-12-07T12:39:39","modified_gmt":"2024-12-07T10:39:39","slug":"access-to-pump-fun-blocked-for-uk-users","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/access-to-pump-fun-blocked-for-uk-users\/","title":{"rendered":"Access to Pump.fun Blocked for UK Users"},"content":{"rendered":"<p>Following a warning from the <span data-descr=\"Financial Conduct Authority of the United Kingdom\" class=\"old_tooltip\">FCA<\/span>, the Solana-based meme coin launch platform Pump.fun has updated its terms of service in the country. British users can no longer access the service&#8217;s website.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">PUMP FUN BANNED IN THE UNITED KINGDOM: WEBSITE <a href=\"https:\/\/t.co\/qk8YuuNMcQ\">pic.twitter.com\/qk8YuuNMcQ<\/a><\/p>\n<p>\u2014 Aggr News (@AggrNews) <a href=\"https:\/\/twitter.com\/AggrNews\/status\/1865061073394520451?ref_src=twsrc%5Etfw\">December 6, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cThis company may be providing or promoting financial services or products without our permission. You should avoid dealing with this firm and beware of scams,\u201d states the <a href=\"https:\/\/www.fca.org.uk\/news\/warnings\/pumpfun\">agency&#8217;s website<\/a>.<\/cite><\/p><\/blockquote>\n<p>Under UK law, all crypto companies and service providers related to digital assets must obtain regulatory approval before commencing operations in the region.<\/p>\n<p>The Solana-based platform&#8217;s revenue in November reached a record $93 million, marking an increase of approximately 208% compared to October. The platform&#8217;s cumulative revenue amounted to $247 million.<\/p>\n<p>According to a dashboard on <a href=\"https:\/\/dune.com\/queries\/3705945\/6235670\">Dune<\/a>, over 4.3 million meme tokens have been issued on Pump.fun to date.\u00a0<\/p>\n<p>The total capitalization of assets generated by the service exceeds $7.4 billion, according to <a href=\"https:\/\/www.coingecko.com\/en\/categories\/pump-fun\">CoinGecko<\/a>.\u00a0<\/p>\n<p>In October, Pump.fun developers announced plans to launch a token and introduced the Pump Advanced trading terminal with enhanced features for advanced users.\u00a0<\/p>\n<p>At the end of November, the platform disabled streaming, leading to a one-third drop in revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following a warning from the FCA, the Solana-based meme coin launch platform Pump.fun has updated its terms of service in the country. British users can no longer access the service&#8217;s website.<\/p>\n","protected":false},"author":1,"featured_media":19296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1726,1161,36,810],"class_list":["post-19297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-fca","tag-memes","tag-regulation","tag-united-kingdom"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19297"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19297\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19296"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}