Are Crypto Airdrops Legal? Understanding the Regulatory Panorama

In recent times, cryptocurrency has surged in popularity, turning into a mainstay in the global monetary ecosystem. One of the most intriguing mechanisms within the crypto space is the airdrop. Crypto airdrops are a technique of distributing free tokens or coins to individuals, usually in exchange for completing simple tasks like signing up for a newsletter or sharing a post on social media. While these events can create a buzz and attract new users, in addition they elevate important legal questions. Are crypto airdrops legal? To understand the answer, we have to look intently on the regulatory panorama surrounding them.What…