#DigitalAssetBill

The Digital Asset bill aims to establish a regulatory framework for cryptocurrencies and digital assets, addressing risks like fraud, money laundering, and market volatility. It seeks to define legal classifications for tokens, stablecoins, and decentralized platforms, clarifying oversight roles for financial authorities. Key provisions include mandatory licensing for exchanges, enhanced consumer protections (transparency, custody safeguards), and strict anti-money laundering (AML) compliance. Critics argue excessive regulation could stifle innovation, while proponents believe it will legitimize the sector, attract institutional investment, and shield users from scams. The bill reflects global efforts to balance technological advancement with financial stability, positioning nations to compete in the evolving digital economy.