The UK's financial communications Financial Conduct Authority (FCA) hooked meme tokens this time on the grounds that they did not comply with financial promotion rules. The FCA warned that meme tokens that do not comply with financial promotion rules could potentially face criminal offenses.

The day the Financial Conduct Authority (FCA) passed, new attackers made proposals with clauses about non-compliant meme tokens such as Shiba Inu (SHIB), PEPE, and Dogecoin (DOGE) that are considered financials.
FCA issues warning for meme token promotions
The UK's financial ties to the Financial Conduct Authorities (FCA) have stated that they live in meme tokens and other similar means of communication circulating in social media and users often do not own, which rules are governed by.
However, the FCA stated, "We found that meme tokens and other similar communication tools that were found to promote crypto assets do not have assets subject to our rules."
Companies are reminded that any communication may be financial promotion and is subject to S21.
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On the other hand, there are estimates that the components of section 21 of the Financial Services and Markets Act 2000 could result in criminal offenses such as imprisonment of up to two years and an unlimited fine. "S21 has wide territorial application and if it can have a population in the UK, they are valid even if it originates outside the UK," the FCA explained.
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