Regulators concerned about rise of airdrop model in cryptocurrency space

From Cointelegraph
August 6, 2024
4:14 PM:

The airdrop model for token distributions has become increasingly popular, contributing to the problem of spam in the crypto space.

Regulators are taking notice of the rise of airdrops, as they can be seen as a way to circumvent regulations and distribute tokens without oversight.

The Financial Action Task Force (FATF) is considering updates to its guidelines around decentralized finance (DeFi) and cryptocurrency to address concerns about misuse of these technologies for illicit activities.

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