BitcoinWarrior

News and Education

UK watchdog to restrict high-risk investments like cryptoassets

Published by
Reuters UK

By Huw Jones LONDON (Reuters) -Britain’s financial watchdog said on Wednesday it planned to introduce restrictions on marketing cryptoassets and other high-risk investments like crowdfunding and retail mini-bonds. The changes would strengthen risk warnings on ads and ban incentives to invest, such as new joiner or refer-a-friend bonuses, the Financial Conduct Authority (FCA) said. A surge in investment scams, particularly online since the coronavirus pandemic began in 2020, has prompted the regulator to take action, such as refusing one in five licence applications from consumer investment fir…

Read More