Regulators Need Power to Take Down Foreign Crypto Sites, IOSCO Says

Oct 14,2022
KingData News: Securities regulators should have the power to demand foreign crypto sites be taken down, the International Organization of Securities Commissions (IOSCO) said in a Wednesday report. The proposals from the standard-setter are the latest in a series of crypto crackdowns based on worries over money laundering, tax evasion, financial stability, and the rise in financial advice dished out by novel sources like social media influencers. Apps use techniques taken from mobile games to trick people into buying inappropriate financial products, and financial influencers, also known as finfluencers, offer investment advice without the correct license, IOSCO also warned.
This index tracks global regulatory move targeted at cryptocurrency and blockchain industry.