The Digital Assets Bill is a proposed legislation aimed at regulating digital currencies and other blockchain-based assets. It seeks to provide legal clarity on the classification, trading, taxation, and ownership of digital assets such as cryptocurrencies and NFTs. The bill outlines the responsibilities of digital asset service providers, ensures consumer protection, and introduces anti-money laundering (AML) measures. By establishing a legal framework, the bill aims to foster innovation while minimizing risks. It may also include licensing requirements for exchanges and wallet providers. Overall, the Digital Assets Bill is designed to support the growth of the digital economy with greater transparency and accountability.
