UK watchdog to restrict high-risk investments like cryptoassets

FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 13, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

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.