Iosco: Regulators should have the power to require illegal foreign cryptocurrency websites to be shut down

According to CoinDesk, the International Organization of Securities Commissions (IOSCO) said in a report on Wednesday that securities regulators should have the right to demand the closure of foreign crypto websites. IOSCO also warned that apps were using technology from mobile games to trick people into buying inappropriate financial products, while financial influencers, known as finfluencers, were offering investment advice without the correct licences. Reality TV star Kim Kardashian recently settled a $1.26 million settlement with the U.S. Securities and Exchange Commission (SEC), which accused her of hyping EthereumMax tokens on Instagram without disclosing the promotional fees she received for doing so.