The SFC's guidelines explicitly forbid the distribution of crypto 'gifts' intended to encourage retail investments, which may encompass airdrops. Additionally, the guidelines state that stablecoins should not be allowed for retail trading until they undergo regulatory oversight.
Gucci has stepped up its Web3 efforts by letting crypto nerds buy its products in stores with ApeCoin. This is in addition to the 12 other digital assets it already accepts as payment.
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