BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Why PumpDotFun is Being Restricted in the UK; Is the U.S. Next?

by Sham
December 6, 2024
in Crypto, Featured
A A
Why PumpDotFun is Being Restricted in the UK; Is the U.S. Next?
4
SHARES
Share on TwitterShare on Reddit
  • Solana’s memecoin factory Pump.fun shut off access to U.K. crypto traders, citing “laws and regulations” affecting the platform.
  • This geoblock comes after the U.K.’s Financial Conduct Authority warned that Pump.fun may be operating without permission.
  • Pump.fun has become a popular launchpad for memecoins on Solana, spawning multibillion-dollar hits like PNUT and WIF, generating over $250 million for its founders.

In a recent development, Pump.fun, a popular memecoin factory on the Solana blockchain, has ceased operations for crypto traders based in the United Kingdom. This unexpected move is believed to be in response to regulatory pressures.

JUST IN: 🇬🇧 @pumpdotfun has been restricted in the U.K. 😳

The U.S. is speculated to be hit next

What is the reason for this? pic.twitter.com/wyt5rJl0D2

— BlockNews (@blocknewsdotcom) December 6, 2024

Regulatory Hurdles Prompt Geoblock

The decision to block UK-based crypto traders from using Pump.fun came into effect on Friday. The move follows a warning from the Financial Conduct Authority, the UK’s principal financial regulator, which suggested that Pump.fun might be offering or promoting financial services or products without the necessary permissions. While a blockade was confirmed by one of the founders of Pump.fun, they declined to provide further comments on the matter.

chaincatcher.com

The Rise and Influence of Pump.fun

Since its inception earlier this year, Pump.fun has emerged as a vital launchpad for memecoins on the Solana blockchain. It has been instrumental in the creation of several multibillion-dollar assets, such as PNUT and WIF. Reportedly, the platform’s success has generated over $250 million for its founders, who are based in the UK.

Community Response to the Ban

In the wake of the ban, memecoin traders promptly responded by creating joke cryptocurrencies that satirized the recent news. However, as of now, none of these assets have gained significant traction.

Conclusion

As this situation unfolds, it further highlights the growing influence of regulatory bodies on the operations of crypto platforms. The case of Pump.fun serves as an important reminder for similar platforms to ensure legal compliance to avoid such abrupt disruptions.

Tags: PNUTPump.FunPumpDotFunSolana blockchainWIF
Tweet1ShareShare2

DON'T MISS THESE! HOT OFF THE PRESS

XRP at a Crossroads: Only Two Ways This Can Go
Crypto

XRP at a Crossroads: Only Two Ways This Can Go

June 20, 2025
Polymarket Thinks US Stablecoin Bill Is a Near Lock—But Will It Actually Pass?
Crypto

Polymarket Thinks US Stablecoin Bill Is a Near Lock—But Will It Actually Pass?

June 20, 2025
Semler Plans 105K Bitcoin by 2027 After Vet Crypto Hire
Bitcoin

Semler Plans 105K Bitcoin by 2027 After Vet Crypto Hire

June 19, 2025
SHIB Slides to Two-Month Low as Bears Eye Key Support Level
Crypto

SHIB Slides to Two-Month Low as Bears Eye Key Support Level

June 19, 2025
XRP at a Tipping Point: Breakout or Breakdown?
Crypto

XRP at a Tipping Point: Breakout or Breakdown?

June 19, 2025
Who Will Win the Layer 1 Crypto War? These Are the Chains to Watch Right Now
Cardano

Who Will Win the Layer 1 Crypto War? These Are the Chains to Watch Right Now

June 19, 2025
Load More

Related News

XRP at a Crossroads: Only Two Ways This Can Go

XRP at a Crossroads: Only Two Ways This Can Go

June 20, 2025
Polymarket Thinks US Stablecoin Bill Is a Near Lock—But Will It Actually Pass?

Polymarket Thinks US Stablecoin Bill Is a Near Lock—But Will It Actually Pass?

June 20, 2025
Semler Plans 105K Bitcoin by 2027 After Vet Crypto Hire

Semler Plans 105K Bitcoin by 2027 After Vet Crypto Hire

June 19, 2025
SHIB Slides to Two-Month Low as Bears Eye Key Support Level

SHIB Slides to Two-Month Low as Bears Eye Key Support Level

June 19, 2025
XRP at a Tipping Point: Breakout or Breakdown?

XRP at a Tipping Point: Breakout or Breakdown?

June 19, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.