The People’s Bank of China, the country’s central bank, has issued a report that puts the regulatory spotlight on token airdrops, which it considers to be as damaging as ICOs. China banned ICOs last September, causing pessimism and crashes in the entire crypto market. But airdrops, a hot new trend, are seen as containing a similar risk.
In China, token sales continued, only to private investors. At the same time, a small number of tokens are allocated for airdrops, reaching a wider audience and creating more active social media presence.
The central bank cites some of the most contentious uses ...
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